Grains Trading Relatively Subdued Today

Corn, soybeans, and wheat are all relatively subdued in their trading today. On days like this, I still make healthy profits by taking short-term trades using the tick charts. I can usually make as much money swing trading this way, as I would on a day when there is a distinct trend or mood to the market, as the last two days have been.

It's somewhat like comparing the length of a winding river bank to the length of the shore line of a lake. Does a lake have a longer shore line because it is a larger body of water? Or does a winding river have a longer shore line because it meanders over a much larger land mass? They are both different, but both cover a lot of territory. Likewise, both can be traded, but the trading is somewhat different.

The CME pre-market commentary suggested that there is much mixed news this morning and overnight, even saying that news in the soybean complex "was a little bit slow", so this suggests to me that consolidation and erratic trading might occur. The charts in this posting are wheat and soybeans for the first 1/2 hour of today's session. This erratic trading could also perhaps be a signal that the plunge in grains prices (over the previous two days) has found support.