rather quiet choppy trading was noted in the grain markets today; the range that we seen for corn and wheat one of the smallest in some time
particularly in corn where some contracts only had a 5-6 cent range
the question is what does it mean? Anything?
Technically it would be consider consolidating and with the light trading markets it shouldn't be a big surprise; what will be more important is how we eventually breakout of the consolidation we are presently in. Will it be to the upside or to the downside; many charts for corn, beans, and wheat are up near resistance and have formations that are coming together; i.e. triangles or up trends and down trends..........
hopefully the break out is like the 2008 January USDA report.......not like the last couple of years.....
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