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In a message dated 97-07-13 16:03:09 EDT, mig@xxxxxxxxxx (Dennis Peterson)
writes:
<< I live in West Central Illinois which is one of the dry spots that the
grain traders were concerned about. We are getting some heavy thunder
storms this afternoon.
I have open Straddles in December Corn and December Wheat that are
already making a little profit on the sell side. If my take on the
weekend rains is correct then they will be showing some more profit on
the sell side early next week.
Dennis >>
Raining there huh. Great, I think we are supposed to get some rain monday
here (Chicago). That will be the topic on the grain floor for the next
several weeks. I, too see continued downside in the grains, more so the
beans. I still am short the aug bean calls and have a lil bull call spread on
the corn (dec). The corn I want to get out if it pops to 245, then I go short
again.
Jim
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