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


To: nicewatch who wrote (295)12/3/1998 3:34:00 PM
From: MJR  Read Replies (1) | Respond to of 645
 
Beans close down 6 3/4 to 581. Just missed my stops by a penny so I'm still in long. Although we saw a bit of a comeback late in the session I don't think things look good for Friday. Poor USDA export sales figures were the big motivators today. In fact, these numbers were a market-year low!

I would expect further declines tomorrow. Watch for the key support levels in the 580 and 577 ranges. If we break 577 look for a fast market down.

Regards,
Mike