ABOUT THE AUTHOR
JAMES S. GOULD
A
Professor of Marketing and student of stock and
commodity markets, interested in
forecasting prices. His graduate thesis was
on determinates of market demand and price
forecasts of shell egg prices at the NY Butter and
Eggs Market. His interest in forecasting commodity
prices and trading gradually expanded to trading
equities.
His
introduction to Grandmill was a Windsor Books
mailing for Grandmill’s, “Investing in Wheat,
Soybeans and Corn”. This book
opened his eyes to a different approach to
forecasting grain prices. Desirous to know more of
Grandmill’s trading methods he soon acquired from
Windsor all of
Grandmill’s books and was fortunate to obtain some
of Grandmill’s original news letters sent by
Grandmill to subscribers of his news letter
service.
The
appeal of Grandmill’s trading method is the
removal of emotions from trading decisions and its
sound footing in market fundamentals with
accompanying price forecasting graphs reflecting
“current” market conditions. Updates to
Grandmill’s price forecasting tables, using his
original methods, were necessary when market
fundamentals and dynamics changed caused by
ethanol’s use for fuel.
For
many years James Gould was a monthly contributor
to The Grains Newsletter when edited by
William Gale. Gale and Gould had a harmonious
relationship with Gale writing the monthly
analysis of market conditions (fundamentals) and
Gould preparing monthly price forecasts based on
updated Grandmill price forecasting charts.
James Gould took over
the newsletter when William Gale decided to cease
publication.
James Gould’s desire
is to preserve the trading legacy of William
Grandmill and perpetuate his trading method and
ideas on this website.
James Gould earned PhD
from Cornell University.
His major was Marketing with minors in Finance and
Economics. Forecasting stock and commodity prices
is one of his passions. He has developed and
trades using computerized price forecasting models
based on price, volume and open interest. He is
currently a Professor at Pace University in
Westchester New York.
WILIAM GRANDMILL
Not
only a successful grains trader but interested in
teaching others to master the art of trading
grains (Corn, Soybeans, Wheat, Soybean Oil and
Soybean Meal). He wrote
seven books (available from Windsor Books,
800-321-5934, www.
).
Grandmill’s trading
approach was a combination of fundamental and
technical indicators. Fundamentals consisted of
government reports of planting intentions, crop
progress, weather and historical harvest reports.
Technical indicators consisted of a series of
price forecasting graphs based on price histories
of carryover, USDA high and low price estimates
and monthly prices. His price forecasting graphs
provide traders with an estimate of price ranges
for the coming month.
Grandmill’s two books
on Soybean options trading represent a new
approach to Soybean trading. His charts tell
traders when trading positions offer profit
potential or are likely to result in losses.
Grandmill’s,
“Investing in Wheat, Soybeans and Corn” is
considered by many to be a classic on grains
trading. This book introduces his trading method
and explains how one can profit from these
markets.
Grandmill’s price
forecasting tables were based on 10 years of
historical price and carryover relationships (ca.
1975 to 1985). A marked “shift” in market demand
and dynamics occurred for grains with the corn for
ethanol program. This
resulted in Grandmill’s original price forecasting
graphs no longer being reflecting market prices.
Updates to Grandmill’s price forecasting tables,
using his original methods were made by James
Gould.
Price forecasts using the Grandmill method
and updated charts are presented on this site.
William Grandmill
passed away 20 March 1995, however, his trading
legacy lives on in his writings and this
website.
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