So welcome back to week2 trading game!!

What is going on my portfolio value?

I still lose money thisweek，cause I invested too much in soybean oil and maize,
the price of both soybean oil and maize kept decreasing this week，I had a difficulty in choosing whether to sell or keepingobserve it , finally, I chose to do nothing cause I was no sure what will happening to these two items. But I began to contract wheat, I kept an eye on wheat from last week. So what happen on the increasing price of wheat? From a
report called Global wheat harvest to set record by a margin , we can get some useful information to this question. The International Grains Council raised by 4m tones to 676m its forecast for global wheat production, crediting “better than expected” crops in the European Union, Russia and the Ukraine.”[These] more than offset a lower forecast for Australia, where rains are still inadequate,” the council said in its monthly report on grains markets. The increase puts the IGC estimate in line with official US forecasts, and 30 million tones above the council’s projection for wheat consumption, despite the highest demand for feed wheat for 17 years. This year’s wheat harvest will break the production record by an even bigger margin than had been thought.

Here comes my conclusion: Wheat futures were up 1.9% Wednesday, trading around $670.5 per bushel. Wheat saw solid gains as indicators have turned positive with good export demand.  Wheat had bullish export sales of 620,200 tonnes for 2013-2014 marketing year.  Wheat was mostly 6-51 cents higher.so it is a wise choice for me to in

What happened in the grain market this week？

Compared to last week, Wheat futures were up 1.9% Wednesday, trading around $670.5 per bushel. Grain and soybean bids were slight to sharply lower with wheat trading higher.  Corn and soybeans were under pressure during the week as harvest is progressing for corn and just getting started for soybeans.  Soybeans rose, heading for the first quarterly gain in a year, as surging U.S. export sales signaled steady demand from China , the world’s biggest buyer and consumer. Early corn yields have come in been better than expected.  The basis levels continue to drop sharply in some locations on harvest pressure.

What I want to do next week？

1.I need to pay more attention on my previous investment in soybean oil and maize, and make a final decision on them.

2. To find out more resources to predict the trends before I do contract. Until now, My information source is still very limited，I frequently used  the website Bloomberg and CNBC General Market News ,to read some grain market  news and get some data before I make my decision, but I found this is not enough, cause the grain market is always changeable. I can not only judge a simple group data to draw my conclusion.  Additionally, I still not so familiar with some terms in stock market, like cover, I will try to use it next week.

3. To trade in the beginning of week, this week I was so busy to finish my assignment and left seldom time for me to do a research in the grain market, so I only contracted wheat (4 units) at Thursday. If I trade earlier, maybe I can make more profit to changeover my dilemma.

4. To make a detailed portfolio value table and keep an eye on the grain trend every day , I am pretty sure that if I reserve it as a real stock market investment instead of a future game, I will make every investment decision seriously and gain my profit. To conclude, no pain no gain, I should make more effort on it.