A busy week past away！！
Just remembered some words How can you text the messages while driving? Honestly, I spent little time on trading and read news this week, cause the heavy assignment kept me away from the Future Game, I felt myself like a clown who carried many balls at one time with lopping.
Now let us come back to the future game.
I won little in the beginning of this week but lose again in Friday both because of soybean oil, the price of soybean oil rose little and the went down. It made a downward trend from the September,At the end of September ,Soybeans oil prices are breaking down domestically as new crop supplies and replenishing crusher needs. Favorable weather and a “clear-cut” recovery in soybeans yields and output will probably result in price pressure. But I am not so sure whether the price of future soybean oil will affect by other factors and go up again, I didnot make a decision to sell it.
What happened recently？
Corn
Corn futures fell to a three-year low,corn futures for December delivery dropped 1.1 percent to close at $4.3325 a bushel at 1:15 p.m. on the Chicago Board of Trade. The EPA is reportedly ready to rule that the blend wall on U.S. gasoline consumption will act as a limit on future ethanol demand ,corn futures have slipped in response. I was tortured by the assignment and forgot to trade in the beginning of this week，I changed my idea and did not buy corn after Wednesday so I lose little in corn cause I just kept 1 unit in hand after selling 20 units of corn last week.
Feeder-cattle
The downward trend of corn price remind me to pay attention on feeder-cattle. Because the grain is a main ingredient in livestock feed, the price of corn is the main factor” driving the feeder market, if the price of corn decreased，then the cost of feeder-cattle market will cut down. I searched the news and found that Feeder-cattle futures rose to a record as the falling price of corn increased profit prospects for U.S. ranchers who raise the animals before selling them to meat processors. Corn futures in Chicago have tumbled 37 percent this year, the biggest drop among the 24 commodities tracked by the Standard & Poor’s GSCI Spot Index. Cash prices for cattle were $3 to $5 higher than a week. So maybe I will keep an eye on both corn and feeded-cattle next week and decide wheher to purchase.
Future trading game is continue , although now I am a poor guy in this game cause I failure in investment and lose a lots of fake money, I made so much mistakes and I learnt a lot. Last Tuesday, Andrew told us some technical analysis, I was so interested in it, If possible, I think it will better for me to spend some time on learning those useful analysis, which will helps me to make a more rational investment rather than simple judge from some news.
In the end, good luck to everyone, both trading game and the mid-term, it seemed that we will have another busy week.