Hi John,
How are you doing Frank, what do you think about the grain complex?
i'm doing well. i thought i would get some rest after my exams, but i've actually been very busy lately.... between family matters, and possible seed-investment in a few internet start-ups. It seems everyone around here (penn) has a business plan for net start-ups. <ggg>
I can not claim to be any fundamental genius on wheat, but technically it does not look to bad.
the beans are not especially strong technically.
I'm with you on the fundamentals. <g> i agree with what you've said. I have been flat beans since friday, and even made a nice short scalp today (i feel like a fool for not more closely following the most recent down fork, which has been working very well, live and learn, i guess). I agree that wheat is trying to form a bottom... although, a short term dip seems likely, imo. The key for me is whether the lows hold, or are seriously violated. the same goes for the other grains. As you well know, oats has been leading nicely... but even oats seem to be close to a short term high. I will defer the rest to my charts, which I have been slow to update.... heck, I will do it this afternoon sometime.
Nonetheless, I am still long term bullish on the grains, and will patiently wait to load the boat again, for -i hope- a bigger move. Time will tell. BTW, nice call on oil a while back. I actually had a nice short scalp in that market today :) Ok, I've used more than enough words to say not much at all <ggg> ..... I'll leave it there. Talk to you later, take care
Regards,
Frank |
