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

To: nicewatch who wrote (560)	5/12/1999 4:57:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 645

Thanks for the kind words on oil. Are you or your family going to put some money in a net start up? sounds exciting. with something like the grains, I tend to possition trade, and not scalp, under normal circumstances. with July wheat I know there is some resistance at today's high's so it may pull back for a day or 2. The commercials are net long by about 5500 contracts. and are net long corn by 57000 contacts. Beans they are long by 26500 contracts based on the May 4th CFTC report so we may see higher prices over the balance of the summer. I was surprised to see that the winter wheat crop if it is the predicted size will be the smallest since 1971 Update those charts so I can check them out. -vbg-