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MARKET DATA, INC.
Analysis of Weekly Review Rating and Market Progress							NEW CROP			***** 1998 WHEAT CROP *****
As of:		7/29/1998								**** OBERLIN BASIS ***
Date		Rating	Contract	Current	%	Futures	Futures	Cash	Cash Move	Today's	vs  Past	%
			Month	Futures	of High	Move Up	Move Down	Change	Hi to Low	Cash	Average	of Past
PRE-HARVEST REVIEW:   Based on similar years from Date  shown to August 22nd.
2/25/1998		FAIR	SEP	$3.57	72.14%	$0.36	($0.51)	NA	$1.02	$3.11	$3.21	96.81%
3/11/1998		GOOD	SEP	$3.74	75.49%	$0.41	($0.44)	$0.17	$1.02	$3.28	$3.20	102.43%
4/29/1998		POOR	SEP	$3.28	66.29%	$0.43	($0.33)	($0.34)	$0.94	$2.77	$3.18	87.00%
		Changed similar years due to large increase in U.S. and World stocks of wheat from May 12th USDA report.
7/29/1998		FAIR	SEP	$2.74	67.14%	$0.07	($0.11)	($0.93)	$0.21	$2.18	$2.86	76.27%
		MDI'S AVERAGE "GOOD " FUTURES PRICE						$3.74	Futures High was		$3.79	98.68%
		AVERAGE FUTURES PRICE FOR THE PERIOD						$0.58
		AMOUNT "GOOD" OVER FUTURES AVERAGE PRICE						$3.16
NOTE #1:		Notice that the "GOOD" rating showed a potential Cash Move Hi to Low of $1.02.  IF the "GOOD" rating is signaling a price
		close to the High, it means the potential move down during this time frame is around $1.00.  This works over the long term.
NOTE #2:		It appears that when the Today's Cash price is at or above 95% of the Past Average price in similar years, better selling
		opportunities are likely.  When it is above 102-105%, prices should be looked at closely for selling or hedging.
NOTE #3:		It also appears that when the Today's Cash price is at or below 85% of the Past Average price, selling or pricing grain
		may not be in your best interests - EXCEPT IF - your TARGET PRICES have been reached!