PRUDENTIAL SECURITIES, INC.

One New York Plaza, New York, New York

(September 29, 1997) FROZEN CONCENTRATED ORANGE JUICE: After slumbering since mid-August, FCOJ futures sprang to life on September 25, as the November contract settled with a gain of 385 points. There was no fresh fundamental news to account for the move, which we interpreted as technically induced. The increase took November futures into the mid-August chart gap, which remains open at 74.0-76.0 cents per pound.

The USDA will release its first forecast of 1997/98 output on October 10. We anticipate the report will confirm a generally bearish market perspective.

Arthur Stevenson

Sugar
COMMODITY REVIEW AND OUTLOOK | THE WINDY CITY TRADER | PRUDENTIAL SECURITIES, INC.
Coffee
PRUDENTIAL SECURITIES, INC.
Orange Juice
THE WINDY CITY TRADER | COMMODITY REVIEW AND OUTLOOK | PRUDENTIAL SECURITIES, INC.
Cocoa
PRUDENTIAL SECURITIES, INC. | COMMODITY REVIEW AND OUTLOOK | THE WINDY CITY TRADER
Cotton
PRUDENTIAL SECURITIES, INC. | THE WINDY CITY TRADER
Consensus National Futures and Financial On Line Index

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