This article is brought to you by:
CONSENSUS

THE HIGHTOWER REPORT
141 W. Jackson Blvd., Ste. 4002, Chicago, Illinois
800-662-9346

(March 25, 2002) SOYBEANS: SOYBEAN OIL--The net short position of the fund trader using futures and options reached close to 40,000 contracts near the recent lows. Funds have been coming out of this position but still have a way to go with a net short position of near 27,000 contracts on March 5th and near 17,000 contracts net short on March 12th. The El Nino can have a significant impact on weather in Southeast Asia and if palm oil yields decline, the tightness in the supply of exportable oils should be a supportive factor.

SUGGESTED TRADING STRATEGIES--Buy December soybean oil at 16.83 with an objective of 18.72. Risk to 16.31.


 
www.futures-research.com

Back To Grains and Oilseeds Markets Sample Index

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