David Fuller's view I mentioned yesterday that I might increase my long position in corn (weekly & daily) ahead of tomorrow's USDA report. I do not know what they will say but the corn market is quietly steady and the trend has been to revise crop yield estimates downwards. After placing breakeven or better stops on my earlier corn longs, I paid $5.774 for an additional March position, increasing my overall stake by 50 percent. This price includes spread-bet dealing costs of 1¢.

Here is a related report on corn, kindly forwarded by a subscriber.

I also raised my lumber stop in line with today's limit up move.

Stop Press: When lumber (currently the March contract on this 1st month continuation chart) reopened higher in the early Asian trading (2300 GMT) I sold my January position at $271.65 against my purchase at $246.10 on 30th November. These prices included spread-bet dealing costs.