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To: Nemer who wrote (904)1/17/2001 1:02:51 PM
From: Chip McVickar  Respond to of 12411
 
corn at 216 is an area of major support.

News letters suggest that the major players were seriously long by 95,000 contracts, then a report came out suggesting large inventories would build up after the europeans killed of their herds. They then sold 60,000 contracts over the last few days.

Not only that... there's a major shortage of fetilizer throughout the country that should mean fewer acres being plowed this year and with the higher gas prices the costs of irrigation suggest even fewer acres will be put to use.

All and All... Very Confusing...!