Friday, November 28, 2008

Grains Open With Very Thin Trading Volume

From Arlan Suderman, Market Analyst at Farm Futures:

"Low Volume Trade is Expected Today
"Overnight trade was very thin, suggesting that today’s market should see even fewer traders than Wednesday.
"Wednesday’s trade was thin and choppy as many traders skipped out of town early for Thanksgiving. Overnight trade was very thin, suggesting that today’s market should see even fewer traders than Wednesday, with the closing bell ringing at Noon central time. As a result, we may see a few traders try to play a few games within recent trading ranges, but traders generally don’t like to extend things too far under these conditions.
"The dollar pushed higher overnight and crude oil prices slid lower, causing early gains to evaporate in the grain and oilseed markets."

For his entire commentary, click here.

Needless to say, I won't touch grains today.