ALLENDALE, INC.

4506 Prime Parkway, McHenry, Illinois

(October 31, 1997) WHEAT: The wheat is in a 350/370 trading range. The 18% increase in world stocks this year and potential 20% increase next year should give you confidence to sell strength. Corn will be wheats only hope for a move to 450. Trade the market either side and take 5/10 cent gains.

Bill Biedermann

Grain and Oilseeds Index
Soybeans
ALLENDALE, INC.
BRADFORD & CO. INC. | COMMODITY REVIEW AND OUTLOOK
COMMODITY RESOURCE CORPORATION | GLOBAL ASSET MANAGEMENT
IRA EPSTEIN & COMPANY | PRUDENTIAL SECURITIES, INC.
MERRILL LYNCH & CO. | TAURUS COMMODITIES
Wheat
ALLENDALE, INC. | BRADFORD & CO., INC.
COMMODITY REVIEW AND OUTLOOK | COMMODITY RESOURCE CORPORATION
GLOBAL ASSET MANAGEMENT | MERRILL LYNCH & CO.
Corn
ALLENDALE, INC.
BRADFORD & CO., INC. | COMMODITY REVIEW AND OUTLOOK
COMMODITY RESOURCE CORPORATION | GLOBAL ASSET MANAGEMENT
MERRILL LYNCH & CO. | PRUDENTIAL SECURITIES, INC.
Consensus National Futures and Financial On Line Index

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