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Strategies & Market Trends : Grain Futures Trading

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To: MJR who wrote (291)	12/3/1998 9:02:00 AM
From: MJR	Read Replies (1) of 645

Jan 99 Beans still in a bullish trend, however some of that has weakened a bit. For today, I look for a choppy market in the bean pit with fairly distributed bull vs. bear factors. Hot/dry wx continues in So-Amer, however rains are predicted for this weekend. Warm midwest wx. is a negative factor on beans in storage - especially those that are piled up in mounds on the ground. Thus--I'll keep the long open,, as I believe the overall direction is still up.. but keep the stops in place, just in case. Lots of meetings today so I'll have to auto-pilot the position today w/ limits and stops, but I'll try to check in mid-day. Good luck trading, Mike Last minute edit: Export sales were poor.

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