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regarding Corn,
I hear: (sorry bout the caps)
OUTRIGHT FRIDAY WAS THE FIRST CHANGE IN THE ACTION.
WE HELD A RALLY AND GOT GOOD BUYING OUT OF FUTURES AND OPTIONS. IT WAS
A
DEAD REPORT BUT WE TURNED AND RALLIED. WE HAVEN'T HELD A RALLY IN FOUR
MONTHS. DOUBT THAT THIS IS THE BOTTOM BUT THINGS ARE CHANGING. WE
NEED
SOME MORE NEWS OR EXPORTS TO HOLD A LONG TERM RALLY. CORN IS LEAVING
TOLEDO
BIG TIME AND IT WILL BE DIFFICULT TO DELIVER ON. WHEAT IS IN HARVEST
AND
BEANS ARE DEAD. IF A GRAIN COULD CHANGE IT WILL BE CORN. RICHARD
DENNIS IS
PLAYING GAMES ON THIS OPTIONS EXPIRATION. WE DIE NEXT FRIDAY IN THE
JLY OPS
AND HE IS BUYING JLY JUST OUT OF THE MONEY OIL PUTS AND BUYING JLY JUST
OUT OF
THE MONEY MEAL CALLS. HE STARTED THE RALLIES ON FRI JUST BY DRIVING
VOLATILITY OUT. STAY TUNED. IF HE IS RIGHT, AND HE IS ABOUT DUE, WE
COULD
GET A FUN WAR DANCE THIS WEEK.
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