Grain Futures Trading Message Board

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Strategies & Market Trends : Grain Futures Trading

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To: John Pitera who wrote (532)	5/3/1999 2:44:00 PM
From: nicewatch	Read Replies (1) of 645

Hi John, good to hear from you! good luck on the wheat trade. As I just said to Mike, I am now long a bunch of beans, bought in the last 3 days. Put simply, I think we are about to start a nice rally for a few weeks. Of course, I could be wrong. For my most recent trade, I'm using the low of friday, as an initial risk point. re: wheat... + the other grains too.... things look ok. The only thing to mention about wheat, is that the -typical- seasonals run down into jun-july which is usually where the seasonal lows are (contra corn). The seasonal lows may well have come early this year for wheat... but it's something to keep in mind, going forward. Talk to you later, take care Regards, Frank

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