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800-634-3194(March 15, 2000) ORANGE JUICE: General spec buying sent orange juice to new near term high, with little feature. The USDA report came out showing 226 million boxes of orange juice, a negative report. The February report showed 219 million boxes of orange juice. Weather in Brazil is said to be beneficial, and both the Florida and Brazilian crops are said to be in good shape. While I find it very suspect, the orange juice chart is suggestive of a double bottom.
M. Steven Morgan
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