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Strategies & Market Trends : Grain Futures Trading -- Ignore unavailable to you. Want to Upgrade?


To: nicewatch who wrote (257)11/27/1998 1:02:00 PM
From: wiley murray  Respond to of 645
 
Frank: Jan Beans now 5894 Up 92! Can you believe it after Thanksgiving.Pat yourself on the back for the down calls you made recently.I hope this is starting something big on the upside.



To: nicewatch who wrote (257)11/27/1998 2:58:00 PM
From: wiley murray  Respond to of 645
 
Frank:Sorry on the mis quote on Jan beans. I was looking quickly and said 5894 for Jan beans instead of March beans. Jan beans closed at 5822 up 110.Still a good move.



To: nicewatch who wrote (257)11/27/1998 3:11:00 PM
From: wiley murray  Read Replies (1) | Respond to of 645
 
Frank: Looks good for next week. See this commentary:

Soybeans, corn rise on export sales

By Cecily Fraser, CBS MarketWatch
Last Update: 3:02 PM ET Nov 27, 1998 Agriculture Outlook

CHICAGO (CBS.MW) -- A favorable USDA export sales report helped to lift soybean and corn futures Friday.

The Department of Agriculture said soybeans export sales were at 409,700 million metric tons, running above expectations of 300,000 million metric tons. The soybean complex also got a boost from forecasts for dryer weather in South American growing regions. On the Chicago Board of Trade, January soybeans rose 11.2 cents to $5.824 per contract.

Corn sales were at a strong 1.266 million metric tons, well above expectations of 800,000 million metric tons. On the Chicago Board of Trade, March corn rose 1 cent to $2.292 per contract.