21 April 2009

 

I managed to get into a long trade today. As you can see, it was for a single contract, with the trade being held for a little over 13 minutes, before yielding a good profit near the high for the day.

For those people interested in fundamentals (which I’m not), there does seem to be a good correlation between grain prices and the value of the US dollar. When the dollar strengthens, grain prices are pressured, and when it weakens (as it did yesterday) grain prices often rise. Of course, this is only a loose correlation, and other market moving influences can override the effect.

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