wmeubank@ocp.kcmo.com
THE ALLENDALE ADVISORY REPORT
Prepared by Allendale, Inc.
Commodity Wrap-Up For October 10, 1997
Shhh...don't tell anyone about your yields (corn has rallied 40 cents and beans 80 cents in the last 5 days. Based on your actual harvested yields, we know crops are better than we thought last month. As long as the public doesn't know, let's get the most out of this rally as we can). USDA shocked the trade today when they lowered the bean crop and only slightly raised the corn. Funds bought 50 mil. bu. corn and 40 mil. bu. beans. Commercials turned seller with one company selling 15 mil. bu. of corn. Farmer selling also picked up as March corn hit the 300 mark and November beans made it above 700.
Based on the Commitment of Traders report, funds are long about 3.5 times more corn than short and are just now getting long the beans.
October 10, 1997Allendale, Inc.
4506 Prime Parkway, McHenry, Illinois
COMMODITY FUTURES FORECAST WEEKLY REPORT |
DEAN WITTER FUTURES COMMENTARY
THE LATEST COMMITMENT OF TRADERS ANALYSIS FOR CURRENCY CONTRACTS
MYERS ON FUTURES |
NIKKO MARKET COMMENTS
SCHAEFFER'S RESEARCH REVIEW
FED PRICES SLIDE BACK TO $65
MONEY VERSUS DEBT TWO AGGREGATES DIVERGED
STOCKMARKET CYCLES |
WEEKLY OUTLOOK
INTEREST RATE WATCH |
THE ALLENDALE ADVISORY REPORT
NIKKO MARKET COMMENTS |
THE REAPER
Copyright 1997, by Consensus Inc. All American and Pan American rights Reserved. editor@consensus-inc.com
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