wmeubank@ocp.kcmo.com
THE WINDY CITY TRADER
P.O. Box 1673, Chicago, Illinois
(August 19, 1997) ORANGE JUICE: Orange juice continued to show why it is a market which should probable be eliminated. All technical aspects looked great. Fundamental news was promising. The market rallied 7 cents to break out to the upside after a long period of consolidation. Then last Wednesday, an obscure forecasting service in Orlando said that it looked like we could see a bumper crop in orange juice this year. Even though the USDA report is not due out until October and the last USDA report showed 15% less than this current private forecast, the market proceeded to drop 16¢ in the four days since then. Anyone not already out should risk to just under 6500, basis November.
Stephen Connell and William Frejlich
Added to the WWW 08-23-97
Last updated on 08-23-97
Hosted by:
One Crossroads Place
610 West Maple Ave, Suite WWW
Independence, MO 64050
(816) 252-4080
sysop@kcmo.com