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FuturesCom Investment Publications
A FuturesCom Special Situation Report
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
7690 Rockport Circle, Lake Worth, Florida 33467 Tel: 1-561-433-2995 http://www.futurescom.com/
WHEAT SITUATION AND OUTLOOK
November 15th, 2001
According to the USDA, in a report issued Tuesday Evening . Global production in wheat for 2001 /2002 is forecast down 7 million tons and is expected to remain below consumption for the third consecutive year. Global stocks are forecast to fall more than 20 million tons from last year to the lowest level since 1995/96.
We believe Traders should begin accumulation of long positions going forward as current prices have been in a sideways pattern for past three years. FuturesCom Currently is recommending long positions in December Chicago wheat and now advises readers to prepare to buy March'02' Wheat at current levels to hold..
Premier subscribers should Buy 10 March Wheat on the open while BW Traders should buy 1 contract.
HIS PUBLICATION CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT WHERE OPINIONS
ARE ATTRIBUTED TO OTHER SOURCES. WRITTEN PERMISSION IS REQUIRED PRIOR TO ANY DISTRIBUTION OR REPRODUCTION. FUTURES TRADING ARE RISKY AND CAN CAUSE SUBSTANTIAL FINANCIAL LOSS. THE USE OF OPTIONS AND OPTION TRADING INVOLVES A HIGH DEGREE OF RISK. THE USE OF STOPS MAY NOT LIMIT LOSSES TO INTENDED AMOUNTS. SPREAD POSITIONS MAY NOT BE LESS RISKY THAN OUTRIGHT FUTURES POSITIONS. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. SOURCES ARE BELIEVED TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR ACCURACY. ADDITIONAL RISK DISCLOSURE IS AVAILABLE.