Headlines – 2009.01.06

STOCKS: The bulls have long term bullish sentiment in their court today
BONDS: The bears retain the edge mostly because of lingering economic optimism
CURRENCIES: The Dollar to remain strong which helps the Pound and C$
COPPER: Economic optimism to rule even if it isn’t justified
METALS: The bears continue to control as $ action outweighs inflation talk
CATTLE: Positive supply set-up but dollar strength and weather may limit
HOGS: Cash needs to rally or big premiums will limit support; up for now
BEANS: The consolidation “pause” was short. Specs are not short. Up we go.
CORN: Corn is a follower, but it should follow other markets on the way up.
WHEAT: Wheat gave us a directional indicator yesterday, and it was up.
ENERGY: Improved macro economic views means demand shorts will exit
COTTON: Funds keep buying and inflation and stimulus bulls are on their side
COFFEE: Oversold with inflationary expectations on the rise; short-covering?
SUGAR: Bullish technical action as bulls see inflation as the likely outcome
COCOA: Currency fluctuation will keep price action choppy, wait to buy on dips