This article is brought to you by:
CONSENSUS

COMMODITY REVIEW AND OUTLOOK
195 Route 6A, Suite 6, Orleans, Massachusetts
800-634-3194

(March 20, 2002) WHEAT: News that Egypt bought 300,000 tonnes of wheat from the U.S. was supportive as are worries that a cold spell in the Plains could damage the wheat crop. However, recent rains were beneficial to the crop, and most importantly, the chart is a mess. Wheat has failed at the highs; it has failed at the lows. Considering the choppy nature of the market, traders will probably be happiest staying short term and nimble.

 

M. Steven Morgan

www.commodityreview.com

Hosted by:
CONSENSUS, INC. AND INVESTORS CO-OP
P.O. Box 520526
Independence, MO 64052-0526
816-373-3700
Fax: 816-373-3701
editor@consensus-inc.com