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 (465)	3/23/1999 12:55:00 AM
From: High Grader	Read Replies (1) \| Respond to of 645

Welcome aboard John. New EW chart for Beans at elkvalley.net Some fibonacci levels to watch. btw Frank haven't had two minutes to get at any thing else.

To: nicewatch who wrote (465)	3/23/1999 8:36:00 AM
From: John Moore	Read Replies (1) \| Respond to of 645

Hi I just wanted to see if anyone was on this forum. Someone on CNBC said this yesterday afternoon, with the caviat that there would be no weather scares. Of course there are always weather scares, but last year the one or two weather scares only lasted a day or two. It all comes down to Asia demand, and I can't tell if Asia is coming back or not.Barrons had a piece this week saying Japan is still a basket case--that there will still be more contraction in its economy. Meal at $135 seems unbelievably cheap--- there practically giving it away, it seems.There should be a lot of chickens around who need to eat it. However, exports of chickens to Russia has dried up. The guy on CNBC said the next phase of the grain aid to Russia won't take effect till Summer. They are still shipping the last bunch. If meal gets back to $125 I suppose I would have to buy it and hope for bad weather. Good Trading John Moore

To: nicewatch who wrote (465)	3/25/1999 10:06:00 PM
From: Rich B.	Read Replies (1) \| Respond to of 645

Frank, I just found this thread. Sorry if this is redundant but, If I had to guess right now what the price of beans will be next Nov., I would say closer to $4 than $5. I think there is a planned acreage report due out next friday and it might be interesting, higher beans than expected? Lower input costs and a higher LDP comparable to corn are going to make a difference. If the report is heavy on bean acreage it might rally the corn. What do farmers plant first, corn, so my guess is that it will be a marketing decision as to planting corn and then play the government on the beans. As for $4 dollar beans, very possible if no weather problems. What do farmers care about price if it's under LDP. Their going for yield. Sorry for rambling. BTW I went long DEC 99 corn at 234 and Dec 00 corn at 250 a couple of weeks ago and have been tempted to sell on the rally. Any thoughts on this. Rich Barden