Corn

The good news is that it is now up a point from where we bought it. The bad news is we didn't pick up any more on the dip.

I have had 2 other clients inquire about corn over the last 2 days, and MS issued a bullish report on July 23rd. It is trading at 58.25. We are long at 57.25.

If it dips to 56 we should add.

Jeff

Jeffrey M. Matusow

JPMorgan Private Bank 140 West 57th Street. 33rd Floor. New York. NY 10019

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