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(March 8, 2002) WHEAT: May wheat lost 2c per bushel to close at $2.77 ¾ on the USDA raising carryout by 30 million bushels in addition to a 25 million bushel cut in exports. The 55 million bushel net adjustment could keep pressure on wheat prices unless additional export demand materializes. We are on the sidelines here also.

John L. Caiazzo
www.acuvest.com
E-mail: futures@acuvest.com

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