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Norm,
I have a client who works for the state of Washington as a environmental
agricultural ecologist (certainly a non sequitur). He informed me
yesterday: wheat at this level (adjusted for inflation with 1972 as the base
year), is 42 1/2 cents in 1972 pennies.
Going back to the depression and doing the same rough calculation is even
scarier.
Steve Karnish
Cedar Creek Trading
http://www.abbracadabra.com/cybercast/
----- Original Message -----
From: nwinski <nwinski@xxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, December 17, 1999 12:15 PM
Subject: [RT] Re: Wheat and or Oats?
>
>
> Ftiz@xxxxxxx wrote:
>
> > Any one have any feelings about the direction of Wheat and or Oats?
> > Thanks,
> > Patrick
>
> Look at long term charts, i.e. 30 years. Look for the lowest low for
> each market. My recollection is that Oats got near 80 cents in about
> 1992. I think the low for Wheat was near $1.80. Corn hit approx. 1.60
> circa 1985. I think Soybens made their lowest low at 4.05 in JULY 1999.
> Relatively speaking, ,
> these markets are about 10% above their 30 year lows. Personally, I
> prefer being long Soybeans because it usually provides more bang for the
> buck and I thnk the chart pattern is the best of this group. Bottomline,
> these markets are basing for major bull markets.
>
> Cheers,
>
> Norman .
>
>
>
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