not trading them yet... still studing and researching it... but I did noticed that scalping might of not have been the way to go... so I am looking at options too.. and trying to stick to the original intent: position trading.
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Like someone before posted, start with corn and move onto beans. Soybeans can be voliate and you can loose alot of money quick, lol i know from experience! Also the most active months are the summers months. Alot of traders like to daytrade grains during the summer when the S&P is dead. I remember John Carter saying he is always more profitable daytrading grains than the S&P. But just about all months there is good volume, except for the holiday season like someone mentioned. Also, I remember someone in a webinar saying July 4th weekend you should keep an eye on, because thats when it starts to really move and will take off one way or another.
There is more capital flowing into commodities than any other asset class. In fact the CRB Index is trading at historical highs. Consequently grains are trading at price levels and at an implied volatility that are usually reserved for the summer months.Thus, there is no doubt they are in play or they are moving around. However, please keep in mind that even though the open interest and price movement is there, the liquidity may not be there, or at least may not be what you are used to, with the more heavily traded futures contracts.
To put in perspective the 5 day average volume for ES, ZN, ZC and ZS are as follows:
E-minis - 2,000,000
10 Year Notes - 1.200,000
Corn - 143,000
Soybeans - 100,000
Capital may be flowing into the commodity sector, and grains in particular, but trading volume and liquidity are still considerably greater in the ES and ZN.
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