July soybeans 6.23 dn 11 3/4
July sb meal
155.10 dn 3.60/ton
one transaction 25000 +
25000(sell and buy) accounted for 50,000 of the 67,700 share
The mississippi delta has corn
growing where cotton is traditionaly grown. I have seen
it myself. I probably should be short corn futures.
a 2.47% drop in price today of corn.
be researching how much corn we have in U.S.
as compared to this time in '97,'96 and
'95. There is no doubt someone that reads this board
that knows.(Cliff) I have heard but it escapes my
With the tsn upgrade and the great prospects for chx I
am as bullish as ever on chx. My techs are getting
hammered and I am only waiting for a chance to pull out
and put my money in chx.
It appears we are
headed for a broad market correction. If in fact the
market drops dramatically the fund managers will be
looking for VALUE stocks. With a PE near 10 and a
brite future. The fund managers will be all over this
stock. If we experiance such a correction chx should go
no lower than 13 most likely no lower than 15. And
rebound quickly back to 17 in a month. I'm talking about
a dow drop to 8000. A drop to 8500 to 8700 should
have no material effect on the value of chx.
liken a market correction to being constipated for
about 5 days
you know you need to go but just can't
but after it happens you feel soooo much better. This
market needs to relieve a little pressure. Then we will
quickly see 10,000.
For anybody that reads this
board and owns this stock it is great
from corporate reads this board. I own several stocks
and have many thousands of dollars invested and read
those boards daily. I occasionally post but this is my
sweet heart right now. I have trading stocks and keeper
stocks and I think chx is a keeper.
thanks for reading this board. I don't have to ask
know it's you. In my opinion that alone is enough to
convince me that every person that reads this board should
own chx. You don't get this kind of access anywhere
else. You are APPRECIATED
BY THIS OL AG TEACHER. I
like the fact that you seem concerned enough to want
to hear what the people think. THANKS!!!
no real technical support until 7900-8000. I
really hope I'm bad wrong.
I can still see
reason for a rally to though. All this money being
pulled out will be reinvested at some point in time,
bonds and banks pay between 4-6%. Not very attractive.
Maybe we'll see some ol time value investing and
technical analysis will mean something again.
As the market approached 9000, I could not
understand why it was above 8500 which I thought was
extremly high value.. but sometimes you have no choice but
to go along for the ride. So now a little pull back
is not unexpected either. but it hurts the techs as
Asia takes the blame for overinvesting. Perhaps if
things continue to unwind Chx will move higher as a
Thought you might have been a broker. Have no
respect for those bastards. However, with the level of
investing intelligence you generally run into on these
boards I can see how they can make such a good living.
My wife won't let me invest full time. She say's
investing income + work income = more dollars. She's
probably right. If I have a good year this year I may
invest full time in either '99 or 2000. Besides I have a
LOT of toys i have to pay for.
Overall market is beginning to make me nervous. I was
glad to see the market end on the upside friday.
However, I don't think the market correction is over. 9300
to 8800 is a 500 point difference. If we break 8500
the next support is 7900. Actually the market would
probably perform better and more predictably at 7900 than
at current levels. Damn I hate it when i sound like
a bear. But I am also a realist and know the nature
of the beast.
As i said before 8700 to 8500
we will see no material affect on the price of chx.
I think below 8500 to 7900 those folks that have a
cost per share of 9 to 11 will be protecting their
money and selling half. I firmly believe we have seen a
good deal of that the past two weeks.
I hope i
am wrong about all of this.
this board for 2 months chx is a strong
i'm going to be increasing my position in tsn and chx
Pulling out of techs.
Never traded corn--tried gold,oj,stock
indexes,but never corn. I find your post interesting and your
knowledge unsurpased, since I live in a small town where
futures trading is all but only dreamed about by the
locals. As tempting as it looks, Im going to pass on a
short position in corn. Good luck and I hope it rains
on your corn crop.
Only trying to clear the air of paper traders and
chickencrap. I think the crabby cagle's guy has reared his
ugly head again.
stockpiles and price predictions. I can't understand why the
grain speculators haven't bailed on corn futures yet.
WSJ predicting corn at 2.05 in dec. I think we may
beat that. Been researching historical corn prices and
12-1-93 5,936,548,000 bushels
6,336,400,000 bushels harvested 2.50 per bushel marketing year
12-1-94 8,080,715,000 bushels
10,102,735,000 bushels harvested
2.26 per bushel marketing
12-1-95 6,105,774,000 bushels
7,373,876,000 bushels harvested 3.24 per bushel marketing year
12-1-96 6,903,711,000 bushels
9,293,435,000 bushels harvested 2.71 per bushel marketing year
bushels 9,365,574,000 bushels harvested
My prediction 12-1-98
8,360,283,000 bushels 10,000,000,000 bushels
1.90-2.05 dec. corn for delivery.
Why? 1996 #4 all
time record harvest 1997 #3 all time record harvest
1998 #2-#1 all time record harvest
cow and hog
herds have been decimated over the past 3 years. Many
cattle and hog farmers have sold out or reduced their
With corn harvest near record levels. the
past two years and the hog and beef herds severly
reduced I'm surprised at the continued support of corn
prices. I think it may all come to a head in december.
Corn will be 2.00.
The speculators better
keep in mind that with the incresed value of the
dollar. US corn becomes even more expensive and the law
of supply and demand will take over driving corn
One more good rain for
the cornbelt around the last week in june and another
the second or third week in July and corn prices have
ps. jacksquat, crabby cagle guy? i,
we, this board would never confuse you with a rocket
scientist. Your timely and worldly advice is invaluable "buy
low and sell high". No your not a rocket scientist,
but a financial genius, you are. Using your advice I
think I'll wait until cagle's reaches 6 and has at
least a daily volume of 5,000.lol. Please continue to
post, your humor and wit is beginning to amuse me.
I cant see 13-14 even if the market dives. As
said 10x is value so why drop at all, considering corn
prices ect.. Super support at 16 1/2. The seller was a
turkey not a chx. look for another hi reguardless of the
market. Stocks make a market-- a market doesnt make
The market does make stock prices though. Re-read
my post slowly. I question your ablility to think
clearly and reasonably at 1:40 am. A drop to 8000 would
be a crash and everything would suffer. How old are
you? I'm wondering if you were in the market in '87.
Panic is all you need to know if we go to 8000. In this
market reason, logic and fundamentals have been thrown
out the window a long time ago.