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What you don't see are the following:
1. More corn that will need to be stored outside the elevator (grain)
2. Little demand from Asia
3. We are coming into harest.
-----Original Message-----
From: Adrian Muir <lantern@xxxxxxxxx>
To: 'Neal T. Weintraub' <thevindicator@xxxxxxxxxxx>
Cc: 'Omega-list@xxxxxxxxxx' <Omega-list@xxxxxxxxxx>
Date: Saturday, August 15, 1998 12:26 PM
Subject: RE: 99 CORN & OATS
I'm not a trader, but I am a farmer and I pay close enough attention to the
weather to know which way the wind is blowing. I don't understand how feed
can be cheap when there's a national call for hay, the fires in the west,
floods in the midwest, fires in FL, and drought in the southwest have
basically made this a breakeven year at best for the producer. What don't I
I see here?
-----Original Message-----
From: Neal T. Weintraub [SMTP:thevindicator@xxxxxxxxxxx]
Sent: Friday, August 14, 1998 10:50 PM
To: Robert W Cummings
Cc: omega-list@xxxxxxxxxx
Subject: Re: 99 CORN & OATS
the rationale behind your trade requires deep pockets There is nothing that
tells you to be a buyer. If you are so convinced buy options and forget
about the trade for now.
-----Original Message-----
From: Robert W Cummings <robertwc@xxxxxxxxxxxxxxxxxx>
To: Omega-list@xxxxxxxxxx <Omega-list@xxxxxxxxxx>
Date: Friday, August 14, 1998 5:52 PM
Subject: 99 CORN & OATS
>
>
>Bought 99 corn and oats as the first step for fundamental reasons called to
>cheap to plant . Plus all the bad news the bears can stand. I do expect to
>buy more later at cheaper levels but so many bears should cause some short
>covering rallies before I do, maybe. Supply has overcome demand but with
>the government stocks program and the server weather patterns hopefully
>prices will be higher in the future. I use options to protect and reduce
>the inherent time premiums buying so far out. Been my experience grain
>markets bottom before their supposed to, the norm will be harvest time.
>This not a recommendation to anybody but this is a trading list and just
>another idea only. Requires patience and capital and the rule is nobody
>knows what cheap is only the market and it ain't saying.... *S*. I'm just
>going in the grain business joining the farmer but without a farm and all
>the work he has to do as well. This same idea applies to meat because of
>cheap feed but will be shorter has more volatility and timing has to be
>more precise. Remember don't try this at home is just food for thought.
>Anybody got ant ideas on the other market opportunities I would love to
>hear can't follow them all.
>
>Robert
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