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CORE FUTURES 101 First Avenue, Sand Point, Idaho (March 25, 2002) WHEAT: Wheat traded mostly sideways after holding the fresh low. This is a bit of a weather driven market at the momen, and is the choppiest of all of the grains. We should continue to see mostly sideways to lower this coming week. It would still take a close above 290 in the July to spark any serious fund short covering. We are starting to see mild signs of life but we are still in a three-year trading range.
Key Levels WN 275 & 290
J. Mark Kinoff www.corefutures.com email: kinoff@corefutures.com
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