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Hi John,
Beans have treated me well over the past month or so with a lot of long scalps :) Given the movement though, I probably would have been better off to buy and hold, given commissions... c'est la vie. Besides, my hindsight must about 10/20 by now, and getting better! ~ggg~
Without getting into the specifics, the grains in general are coming off of historic lows. In fact, at the lows of several weeks ago most grains were at century lows, adjusted for inflation... below the nadir of the great depression. Although the fundamentals do not support it (i am not much of a fundamentalist), I wouldn't be surprised to see the grains rally from relatively depressed levels. Oil has been rebounding from depressed levels of a few moths ago... I don't think it's unreasonable to assume that other depressed commodities -like the grains- will have sharp rallies this year. As always, WDIK, it's just a guess... in the end, the market will have to tell me what to do. Talk to you later
Regards,
Frank
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