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


To: nicewatch who wrote (524)4/28/1999 5:12:00 PM
From: MJR  Read Replies (1) | Respond to of 645
 
Frank:
Technically, corn should rise.. it is quite oversold. A bit of bullish news came across today.. lifting of trade limits to Iran, wet 6-10 day forecast. But, word seems to be that political policy changes are mainly talk for some time and lots of red tape is needed to make things a reality. Also.. Chicago's forecast through Monday is beautiful - warm and dry - which will allow lots of corn to be planted at least in this part of the belt.

I guess it all depends on how much traders hold on to the news today or apply some gut feel.. which they have been over the past few sessions.

Tomorrow will be interesting.. Export inspections come out at 7:30amCT to add to the mix.

Regards,
Mike