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Strategies & Market Trends : Grain Futures Trading

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To: nicewatch who wrote (465)	3/25/1999 10:06:00 PM
From: Rich B.	Read Replies (1) of 645

Frank, I just found this thread. Sorry if this is redundant but, If I had to guess right now what the price of beans will be next Nov., I would say closer to $4 than $5. I think there is a planned acreage report due out next friday and it might be interesting, higher beans than expected? Lower input costs and a higher LDP comparable to corn are going to make a difference. If the report is heavy on bean acreage it might rally the corn. What do farmers plant first, corn, so my guess is that it will be a marketing decision as to planting corn and then play the government on the beans. As for $4 dollar beans, very possible if no weather problems. What do farmers care about price if it's under LDP. Their going for yield. Sorry for rambling. BTW I went long DEC 99 corn at 234 and Dec 00 corn at 250 a couple of weeks ago and have been tempted to sell on the rally. Any thoughts on this. Rich Barden

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