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22

MBH COMMODITr aOVISORS. INC

Monthly Cash Rverege Price

X SHORT TERM lese THRU 2ms

The history of short term interest rates in the United States shows some very predictable patterns.

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Figure 2-2: Short Term Interest Rates 1800s to 1995



Year

Soybean prices have often established their lows early in the decade.

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Figure 2-3: Soybeans Cycles

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The British Pound tends to bottom about every 8 years.

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Figure 2-4: British Pound Cycles



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