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

To: nicewatch who wrote (510)	4/21/1999 11:41:00 PM
From: MJR	Read Replies (2) \| Respond to of 645

Frank: Once again, I've been away for an extended period - hopefully for the last time. I started watching July corn and am paper trading it for a week or so to get a feel for where we are again.. looks like we're trading wet weather in the corn belt now, but prospects for a drier next week may prove bearish for this little rally. Tomorrow's export numbers should dictate the trade direction near term.. latest 6-10 day NWS forecast is neutral in my opinion.. wet in the western belt / normal to below normal rain in the eastern belt. It's probably a bit early to cause major yield / planting problems yet anyway. Heavy rain here in parts of northern Illinois tonight... reports are that some folks have 0.8" on the already soggy ground already. Currently long (paper) on July Corn (sorry, I don't have my entry point here but I'm up about 3/4 as of today's settle) Regards and have a great day trading, Mike