All of the grains markets today have been sullen and lifeless through the middle of the trading session. I hope that it will pick up again in the last hour of trading. Note the blue rectangle in the 3 min corn chart shows that volatility is too low to establish new trades, as manifested on the Bollinger Squeeze indicator by the red dots. Soybean and wheat charts are similar. It's a good thing that trading was better last night and for the first half hour of the session this morning!
Monday, January 28, 2008
Grains: Melancholy Markets
