Corn continues to make ground, but the soybean and wheat futures have now rebounded back to the flat line today. While prices have been somewhat choppy today, there have been some nice bright spots and some good trades.Considering that the week so far has been fairly humdrum and flat, profits have been good and trading has been very beneficial. For any given week, there are usually one to two days of solid momentum trading in which profits are very strong. I have yet to see a day of that type this week, but perhaps after the Fed...
Then, there are a few days in which trading is brisk, but prices weave back and forth, requiring small, profitable trades.These are the most typical days, and I would classify the first three days in this category. This is my favorite type of trading.
Then, there is usually at least one day during which the markets sag and we see choppy trading that is difficult, and not very profitable. Thus far, I consider today to be mostly average, but with some periods of choppiness.
