Wheat Weak

February 15, 2001
Dave Landry

Each evening we
focus on the most interesting aspects for the upcoming
trading day. The comments are based on observations of the
nightly updates of the Futures and Market Bias pages. They
are provided for educational purposes only and are not
intended to be direct trading advice. Also, keep in mind
that these remarks are made up to 12 hours in advance of the
markets opening. Therefore, overnight events may alter the
outcome of these observations.

March wheat
(
WH1 |
Quote |
Chart |
News |
PowerRating) appears to be
stalling out in its rally from lows. Look for a shorting opportunity here.

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March cotton
(
CTH1 |
Quote |
Chart |
News |
PowerRating) appears to
have stalled out in its sharp rally from lows. Look for a shorting opportunity
here.

Looking Ahead

March coffee
(
KCH1 |
Quote |
Chart |
News |
PowerRating) is back to
life-of-contract lows. If it can stay around these levels (or stab below and
recover), it could make for a big picture double bottom. Continue to remain patient and wait for the pattern to develop.