It's about time! The past 3 trading sessions have been difficult, but expected following the rapid rises in prices earlier in the week last week. Note in the soybeans tick chart at right how smoothly the movement were that took place today. Soybeans, wheat, and corn are all showing heavy activity early in the trading session. I never thought I'd admit to being glad that the holiday season was over, but I'm glad activity levels are finally returning to normal. Movements are good and volume is high this morning. This makes for very good trading activity.
Wheat and corn are also very active. Wheat was headed to an early lock limit up, but has since backed off somewhat. See chart #2 above for wheat.
Corn is also up strongly this morning with excellent volume and strong buying activity. These are good days for traders. Corn is the strongest grain in holding higher prices this morning without any significant retracement. Corn is chart #3.
Tuesday, January 8, 2008
Grains activity gets back to normal!
