why Corn, Soybeans & Wheat are great to daytrade...

Quote from clacy:

He jumps from market to market and continually posts the same garbage about each topic in order to generate discussion.
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crgarcia does the same exact thing
 
Quote from bmills313:

+1 to all of that.

I trade C, S, W intraday every week and find that there is ample news that comes out every week that affects one or more of these contracts. If C is slow and choppy there's a great chance that S or W will have some movement to them.

I also really like how they tend to "honor" support/resistance levels and you don't get as many games as you see on the ES or other index products where you'll see a hard S/R level violated by a couple 3 ticks just to turn around and head the opposite way.

They certainly have a mind of their own and there are little quirks and things you have to keep your eyes open for, but overall I'm actually enjoying trading the grains as much or more than the ES.

bmills
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thanks bmills...appreciate your comments and insight...cool
 
Quote from xiaohu:

Is there a calendar like forexfactory that shows all relevant news for these markets ?

I understand that there are some crucial crop and weather reports.

But what are their release dates and more importantly at what time are they release ?

thanks appreciate any help.
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The USDA's website is all you need:

http://www.usda.gov/wps/portal/?navid=AGENCY_REPORTS&navtype=RT

Here it is in a nice little calendar form...

http://www.usda.gov/wps/portal/!ut/...eginday=ALL_DAYS&beginmonth=10&beginyear=2009
 
Quote from increasenow:

why Corn, Soybeans & Wheat are great to daytrade...

1-great liquidity
2-much news about all 3
3-best to trade them Regular Trading Hours 9:30am-1:15pm CST
4-small time to trade RTH and therefore better able to focus
5-later market opening gives ability to see how other markets (SP500, Oil, Gold etc.) might affect trading in Grains
6-great per point value of $50.00
7-low daytrade margins
8-not too much overnight margin if needed
9-able to focus on as it is "just that commodity"...I.E not 500 stocks like in SP500
10-they "tend to trend"

...thoughts, comments, added insight?
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When the grains are moving in the same direction as the seasonal tendency, you can focus on trades in that direction. MRCI.com is a great site for seasonals. If you know how to use the COT report, that is also a great tool for the daily/weekly direction and may sway you to hold a winning position overnight or turn it into a swing trade.
 
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