What went wrong in the 10th week.
After the great drop, the future commodity market was supported by news form India last week.
India’s 2012/13 soymeal exports are likely to remain almost unchanged from year-ago levels, despite a bigger crop, as farmers hold on to stocks hoping strong domestic demand will bring them better prices, industry officials said on Thursday. Despite a slow start to annual monsoon rains, India harvested a record 12.6 million tonnes of soybean in 2012, up 8.6 percent from 11.6 million a year ago.

Farmers in India, the world’s biggest vegetable oil importer and Asia’s leading oilmeal exporter, plant soybean in the rainy months of July and August. The harvest starts from October. Soybean prices are at about 3,300 rupees ($59.87) per 100 kg and many farmers believe rates will scale up to the previous year’s level of about 4,500 rupees

I have long on soybean for three contracts, and fortunately, my total balance increased to more than fifty thousand dollars by the end of this week.