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Strategies & Market Trends : Grain Futures Trading

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To: nicewatch who wrote (465)	3/23/1999 8:36:00 AM
From: John Moore	Read Replies (1) of 645

Hi I just wanted to see if anyone was on this forum. Someone on CNBC said this yesterday afternoon, with the caviat that there would be no weather scares. Of course there are always weather scares, but last year the one or two weather scares only lasted a day or two. It all comes down to Asia demand, and I can't tell if Asia is coming back or not.Barrons had a piece this week saying Japan is still a basket case--that there will still be more contraction in its economy. Meal at $135 seems unbelievably cheap--- there practically giving it away, it seems.There should be a lot of chickens around who need to eat it. However, exports of chickens to Russia has dried up. The guy on CNBC said the next phase of the grain aid to Russia won't take effect till Summer. They are still shipping the last bunch. If meal gets back to $125 I suppose I would have to buy it and hope for bad weather. Good Trading John Moore

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