{"id":42,"date":"2012-10-07T23:48:23","date_gmt":"2012-10-08T06:48:23","guid":{"rendered":"https:\/\/blogs.ubc.ca\/shimengz\/?p=42"},"modified":"2012-10-07T23:49:22","modified_gmt":"2012-10-08T06:49:22","slug":"week-3-road-ahead","status":"publish","type":"post","link":"https:\/\/blogs.ubc.ca\/shimengz\/2012\/10\/07\/week-3-road-ahead\/","title":{"rendered":"week 3: road ahead"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>What made me lose money in the first two trading weeks is not following the upcoming USDA report, so I have downloaded a Schedule of 2012 release dates of cotton reports issued by the U. S. Department of Agriculture, according to which USDA is coming out with another report on 11<sup>th<\/sup> October and I get to make moves as the coming report!<\/p>\n<p>Some comments of fellow classmate make me realize I have not trade wheat yet. So my interest kind of lays on researching on wheat. Wheat price has increased at the end of this week and <span>Goldman Sachs raised its target for wheat prices above $10 a bushel, thanks to a tumble in US inventories to multi-year lows, and forecast recoveries in corn and soybeans to record highs.<\/span> <span>The investment bank lifted its forecast for Chicago wheat prices, on a three-month horizon, to $10.25 a bushel, after US Department of Agriculture data on Friday<a href=\"http:\/\/www.agrimoney.com\/news\/sharp-fall-in-us-corn-stocks-revives-grain-prices--5044.html\" target=\"_blank\"> showed US inventories of the grain far lower than the market had expected<\/a>. I will buy December wheat.<\/span><\/p>\n<p><span>http:\/\/www.agrimoney.com\/news\/wheat-prices-to-top-$10-a-bushel-says-goldman&#8211;5048.html<br \/>\n<\/span><\/p>\n<p>I will probably also buy December corn because the shrinking harvest and there will not be a harvest season by December. And hedge by selling December soybean.<\/p>\n<p>http:\/\/www.agrimoney.com\/news\/corn-soy-prices-retreat-on-informa-crop-revisions&#8211;5073.html<\/p>\n<p>&nbsp;<\/p>\n<div id=\"xunlei_com_thunder_helper_plugin_d462f475-c18e-46be-bd10-327458d045bd\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; What made me lose money in the first two trading weeks is not following the upcoming USDA report, so I have downloaded a Schedule of 2012 release dates of cotton reports issued by the U. S. Department of Agriculture, &hellip; <a href=\"https:\/\/blogs.ubc.ca\/shimengz\/2012\/10\/07\/week-3-road-ahead\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":14920,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-42","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blogs.ubc.ca\/shimengz\/wp-json\/wp\/v2\/posts\/42","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.ubc.ca\/shimengz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.ubc.ca\/shimengz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/shimengz\/wp-json\/wp\/v2\/users\/14920"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/shimengz\/wp-json\/wp\/v2\/comments?post=42"}],"version-history":[{"count":3,"href":"https:\/\/blogs.ubc.ca\/shimengz\/wp-json\/wp\/v2\/posts\/42\/revisions"}],"predecessor-version":[{"id":47,"href":"https:\/\/blogs.ubc.ca\/shimengz\/wp-json\/wp\/v2\/posts\/42\/revisions\/47"}],"wp:attachment":[{"href":"https:\/\/blogs.ubc.ca\/shimengz\/wp-json\/wp\/v2\/media?parent=42"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/shimengz\/wp-json\/wp\/v2\/categories?post=42"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/shimengz\/wp-json\/wp\/v2\/tags?post=42"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}