Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: nicewatch who wrote (346)	12/14/1998 12:39:00 PM
From: MJR	Read Replies (1) \| Respond to of 645

Frank: Good luck on your bean trade. I think that beans are approaching a bottom, but there's not a lot of bullish news in the market at this time. For the most part, the So-Amer wx is about all that seems to be driving trade there. More rain is forecasted for later this week in the bean growing areas so this could provide some pressure. However, in the short-term, grains may take a hint from the meats and rally a bit on short covering of its own. Hogs just went into a "fast market" quickly going towards Limit Up for the day. This is a tough sign to read however, as much of this could be short covering and may (or may not) prevail into tomorrow's session. To me, this is now a volatile "stand aside" situation. Regards, Mike