THIS PUBLICATION CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT WHERE OPINIONS ARE ATTRIBUTED TO OTHER SOURCES. WRITTEN PERMISSION IS. REQUIRED PRIOR TO ANY DISTRIBUTION OR REPRODUCTION. FUTURES TRADING IS RISKY AND CAN CAUSE SUBSTANTIAL FINANCIAL LOSS. THE USE OF OPTIONS AND OPTION TRADING INVOLVES A HIGH DEGREE OF RISK. THE USE OF STOPS MAY NOT LIMIT LOSSES TO INTENDED AMOUNTS. SPREAD POSITIONS MAY NOT BE LESS RISKY THAN OUTRIGHT FUTURES POSITIONS. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. SOURCES ARE BELIEVED TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR ACCURACY. ADDITIONAL RISK DISCLOSURE IS AVAILABLE.

A ship in Harbor is Safe .. but that's not what ships are built for.

SoyBeans

July 8th 1997

5:35 PM E.S.T

Today the November Soybeans Reached 602 1/2 , today's action warrented selling out the long November Beans bought at 590 near the 602 region. Nimble traders exited today.

August SoyBeans , which traded near 680 when the July 1st Bean Special Report was issued were trading at 722 when the Bell rang to end todays session. Longs who held or bought were rewarded with a near 40 cent rally from July 1st trading region , August Beans closed at 684 on July 1st the closing price was 722 today July 8th. A sell recommendation was issued on 1/2 of the August Beans recommended position today at 721 or better.

What will tomorrow bring ..? I don't know.. but
I will say this again .. It's a long time Till August

Happy Trading and Stay Tuned

Bill