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BARNES BROKERAGE CO., INC.

30 S. Wacker, Chicago, Illinois

(December 3, 1997) CORN: March corn has stopped going down, essentially holding the 280 area for the past 4 weeks. That's pretty decent action considering the ideal growing conditions in South America and the intermittent heavy deliveries against the December contract.

Congestion has replaced down-go with weekly closes over 2-week highs–especially on bullish divergence (fundamentals against technicals).

William D. Moore

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BARNES BROKERAGE CO., INC.

Consensus National Futures and Financial On Line Index

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