09/24/2001 (3:30 P.M.) CLOSING COMMENTS
FUNDS
SEEMED TO BE ABSENT FROM TODAYS TRADE.
THE
FROST LINE IS EXPECTED TO MOVE EASTWARD INTO NORTHERN IL TONIGHT. IDEAS ARE
THAT WE COULD LOOSE 5-20 MLN BU OF BEANS DUE TO THIS YEARS FROST EVENT.
LOOK
FOR A BIG HARVEST WEEK.
WE
SHIPPED OUT 49.2 MLN BU OF CORN, 19 WHEAT AND 7.6 MLN BU OF BEANS.
CORN
HARVEST IS 13% COMPLETE VS 9% LW AND 14% AVE.
BEAN
HARVEST IS 6% COMPLETE VS 3% LW AND 10% AVE.
LOOK
FOR THE MARKET TO CHOP SIDEWAYS OVER THE NEARTERM.
FRIDAY
THE USDA WILL RELEASE ITS SEPTEMBER STOCKS REPORT.
09/24/2001 (3:30 P.M.)
KIMMEL MARKET PERSPECTIVE
|
SPEC SHEET
|
|
DEC CORN:
|
SUPPORT
2.13. RESISTANCE 2.37. LOOK FOR A CHOPPY TWO SIDED TRADE.
|
|
STRATEGY:
|
BUY AT 2.21 STOP. RISK 5 CENTS.
|
|
NOV BEANS:
|
SUPPORT 4.63 RESISTANCE 4.90.
|
|
STRATEGY:
|
LONG NOV 6.00 CALLS.
|
|
DEC WHEAT:
|
SUPPORT
2.61. RESISTANCE 2.90.
|
|
STRATEGY:
|
STAND ASIDE.
|
|
OCT HOGS:
|
SUPPORT
58.87. RESISTANCE 61.75.
|
|
OCT CATTLE:
|
SUPPORT
65.45. RESISTANCE 72.50.
|
|
DEC COTTON:
|
SUPPORT
36.00. RESISTANCE 42.40. LONG AT 35.55. RISK 36.00.OBJ 42.55.
|
|
DEC SWISS
|
SUPPORT
58.50. RESISTANCE 69.40.
|
|
DEC BONDS
|
SUPPORT
101-27. RESISTANCE 106-08.
|
|
DEC SILVER:
|
SUPPORT
4.45. RESISTANCE 4.85.
|
|
NOV OJ:
|
SUPPORT
77.70. RESISTANCE 84.60.
|
09/24/2001
(3:30 P.M.) PRODUCER HEDGE SHEET
|
CASH BIDS:
|
CORN:
LOWER
|
SOYBEANS:
LOWER
|
|
5 DAY BASIS TREND:
|
CORN:
WIDENING
|
SOYBEANS:
WIDENING
|
SELL CASH BEANS AS YOU HARVEST
UNTIL 50% OF PRODUCTION IS REACHED. AT THE SAME TIME TAKE LDP. TO REPLACE BUY
MARCH 5.00 CALLS FOR 12 CENTS.
LONG DEC 2.80 WHEAT PUTS AT 12 CENTS.
PLACE STOP AT 15. PLACE A STRIGHT SELL ORDER AT 22. LONG DEC 2.20 CORN PUTS FOR
10 CENTS ON 40% OF EXPECTED 2001 PRODUCTION. ENTER ORDERS TO EXIT AT 10 CENTS
OR BETTER.
|
|
01 SELL:
|
WHEN:
|
02 SELL:
|
WHEN:
|
|
CORN:
|
10%
|
DEC 01 TRADES 2.50
|
10%
|
DEC 02 TRADES 2.75
|
|
BEANS:
|
10%
|
NOV 01 TRADES 5.75
|
10%
|
NOV 02 TRADES 6.25
|
|
WHEAT:
|
10%
|
DEC 01 TRADES 3.00
|
10%
|
JULY 02 TRADES 3.85
|
01
CROP SALES: WHEAT 00%, CORN 20%, SOYBEANS 00% COMPLETE.
02 CROP
SALES: WHEAT 00%, CORN 00%, SOYBEANS 00% COMPLETE.
TO OPEN A TRADING ACCOUNT
CALL GRAIN FIELD COMMODITIES AT 1-800-383-4647
This is not a solicitation of any order to buy or
sell but merely a current market bulletin provided by Grain Field Marketing. Any statements of facts herein contained are
derived from sources believed to be reliable but are not guaranteed as to
accuracy, nor do they purport to be complete.
No responsibility is assumed with respect to any such statement or with
respect to any expression of opinion herein contained.
