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CORE FUTURES
101 First Avenue, Sand Point, Idaho

(March 25, 2002) CORN: Corn continues to lag the floor and is not getting any short covering from the funds. The July is trying to probe for some sort of bottom in here, but continued weakness and sub 207 closes would be a key to continued weakness. We need to hold above 210 July if we are to find any sort of bottom. It would still take a close above 217-220 to signal that any sort of short-term low could be in place.

Key Levels

CN 210 & 217

J. Mark Kinoff
www.corefutures.com
email: kinoff@corefutures.com

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