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Grain Futures - Corn, Wheat, Bean complex
Chicago Board of Trade soybean futures prices could fall in 2014 due to big plantings in the United States that will lead to a huge crop and bumper harvests by key South American producers. Other countries such as Asia and Africa too like to plant more corn (Maize) and soya bean now. As a result of this we could see lower grain prices in the medium run. Global soya and corn inventories could get boost in 2014. Commodities such as corn, soya and wheat could struggle with expected rising stocks.
It is going to be a pretty tough road for above commoditise during next couple of years. Wheat demand could go up in the medium term when consumers try to substitute wheat for rice. Rice priced too could come down.
http://www.insidefutures.com/article/1151536/Where Are The Grains Headed.html
Where Are The Grains Headed
My ideas are not a recommendation to either buy or sell any security, commodity or currency. Please do your own research prior to making any investment decisions. Please note that I do not endorse or take responsibility for material in the above hyper-linked site.
An old thread, but worth a renewed look. I've missed the recent rallies in the grains as they started just before I started the Part 3 momentum trade book thread.
However I decided to not take the BO on this wheat chart as price has rallied a lot. Well price boomed after news of poor weather in Argentina looks likely to reduce their wheat crops.
I'll do an occasional trade in soft commodity markets to demonstrate the availability of these markets.