This week, my equity is $36362.77. I went short on four soybean contracts two weeks ago and as the time goes by, I begin to lose money. Each of them is losing $487.5. The reason is quite simple. As the harvesting is coming in an end, the price of will begin to rise. At the same time, there are several important information that may be the reason affected the price of soy beans last week.

Additional pressure from talk of better-than-expected US soybean yields as the harvest winds down. Ahead of USDA’s weekly crop progress report expected later on Monday, analysts surveyed by Reuters pegged the US soybean harvest at 71 percent complete. This is very important. Knowing the harvest progress can help us finding out the trend of price. If the harvest will be end, the price will increase significant.

At the same time, cold front that moved into southeastern Brazil over the weekend will likely bring light rainfall to the country’s main soy belt this week, providing welcome soil moisture – forecaster Somar. Brazil is expected to surpass the United States in 2012/2013 as the world’s top soybean producer. In long run, Brazil can produce more soybean in the future. The price will decrease years later.

NOPA reported US stocks of soyoil in September at 2.043 billion lbs, down from 2.168 billion in August but slightly above the average trade estimate of 2.012 billion lbs. This can slightly rise the future price.