WEEK 8 (Part 3): Cool Source of Information

Website: http://www.tradingfloor.com/

Trading Floor is a very professional and formal website consists of a wide range of information from popular financial blogs, to trading mentor videos. It is an online community, targeting people who trade futures, stocks, FX options, CFDs, and Trade Forex. Trading Floor is connected with some of the experienced traders from different fields, such as equity strategists, macroeconomics pros, and most certainly, commodity trading strategists. These featured experts give advises and personal opinions for readers by commenting on the website on a regular basis. Similar to Twitter, this website allows people to follow these experts to receive updates from them. Here is the link to the list of trading experts that Trading Floor features: http://www.tradingfloor.com/traders

As mentioned earlier, Trading Floor is designed for not only future commodities traders, but also traders from other markets as well. For this reason, certain information provided on the website is not relevant to FRE501’s trading game. However, since they have everything divided into different sections, we can simply go to the agriculture section under topics, and it provides updated information on soybeans and corns. For example, one of the recent updates on agricultural commodity was by Ole Hansen, Head of Commodity Strategy at Saxo Bank; he discussed the recent grain ratio updates, with corresponding graphs. He mentioned that both soybean/corn ratio and corn/wheat ratio are very stable, except that wheat tends to do slightly better due to weather problems in exporting countries, and soybeans are likely to underperform due to the recent news on South American crop. Both of which corresponded to what has happened with the commodity markets in the past week. Therefore, even though not all the information provided is necessarily directly aimed at future commodity traders, crops are crops, what happens to the world crop production, and demands and supplies of importers and exporters of these commodities should affect all the markets equally.  Thus, I find Trading Floor useful despite the additional information it contains on other markets.

(Source: http://www.tradingfloor.com/topics/soya-beans)