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

To: nicewatch who wrote (522)	4/28/1999 2:59:00 PM
From: MJR	Read Replies (1) \| Respond to of 645

Frank: It's nice to be back. I now have gotten back into the grain markets (with real money) and hold a short position in CZ. I am in at $2.35 3/4 so I'm looking at a slight gain w/ today's settle at $2.33. Weather is the main market mover now, but CZ took on a new all-time contract low again today. Definately a bearish sentiment. I'm now waiting for the new NWS 6-10 day forecast. HPC 1-5 day says that the corn belt will be dry through the near-term, thus, lots of corn should get planted by the end of the weekend. Regards, Mike

To: nicewatch who wrote (522)	5/1/1999 1:42:00 AM
From: RFH	Read Replies (2) \| Respond to of 645

Thanks a whole bunch, Frank. I finally found my favorite at: cbot.com I'm just a little confused, though. We have four prices for corn, for example. We have "processor bids" and "terminal bids." We also have "closing cash" and "basis." If somebody knows what these bids represent, could you be kind enough to clue me in? I'm working on a system that takes into account the spread between cash and futures prices, and the book doesn't really delve into these specifics. I need to know what I'm doing before putting my money where my mouth is. Or should I just say, before I put my foot in where it doesn't belong! Thanks to all, RFH