Alaron Softs Comment

CHICAGO - Dec 11/08 - SNS -- Following is the orange juice, cotton and coffee comment from Alaron Trading Corp.

This morning, the USDA released its December Crop Production/Supply and Demand Report.

Orange Juice:  The USDA lowered its estimate for the 2008-2009 Florida crop to 165 million boxes versus 166 million last month. The January contract is up 115 points at 77.60. The market has moved higher this week on short-covering ahead of this report. Now that this report is out of the way, traders will focus on the weather in the Florida citrus-growing regions as we are approaching the freeze period.

Cotton: The USDA report was neutral to slightly bearish for this market. However, cotton prices continue to find underlying support due to the weaker dollar. The March contract is currently trading at 44.52, up 85 points. The USDA estimated U.S. production (08-09) at 13.61 million bales versus 13.53 million. Ending stocks were estimated at 7.1 million bales versus 6.2 million last month. Ending stocks were increased, due largely in part to expectations for a decline in demand. Exports were estimated at 12.25 million bales versus 13 million last month.

Boyd Cruel

Alaron Research Team

800.563.9510

bcruel@alaron.com

DISCLAIMER: Futures and options trading involve substantial risk. The valuation of futures and options may fluctuate, and as a result, clients may lose more then their original investment. In no event should the content of this website be construed as an express of an implied promise, guarantee or implication by of from the author(s) that you will profit or that losses can or will be limited in any manner whatsoever. Past performance is not necessarily indicative of future results. Information provided on this website is intended solely for informative purposes and is obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Alaron Trading Corp. its officers, directors, employees and brokers may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report.

Information on this page is derived from third parties and is deemed to be reliable. STAT Communications Ltd. accepts no responsibility for errors, omissions or inaccuracies in any of the material presented on this web site. Opinions expressed on this web site are those of the respective individuals and/or institutions and do not represent the opinions of STAT Communications Ltd. and/or STAT Publishing or its staff and/or management.