The `Seatbelt' Sign Is Still On In Commodities
Through much of 1996, commodity-trading adviser Steve K. DeCook was close to hitting the jackpot. In September, his futures fund was up as much as 12% as his bullish bets on corn and soybean prices finally started paying off. Then came the harvest surprise: Better-than-expected yields pushed prices sharply lower. As farmers were filling their bins, DeCook's profits were slipping away, and he ended October down 4%. By December, his $95 million fund had clawed back into the black--but only by a few percentage points. "It has been a year full of unanticipated twists and turns," DeCook explains.
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