Headlines – 2009.01.12

STOCKS: Ongoing fears of slowing should leave the bears with an edge this week
BONDS: Expect close in support to hold as more slowing evidence surfaces
CURRENCIES: More minor Dollar gains but the Yen is the primary leadership mkt
COPPER: January rally is overdone look for a correction this week
METALS: A minor downward bias seen mostly off sagging economic sentiment
CATTLE: Less beef and other meat but still no sign of low in cash; chop
HOGS: Could see more back and fill as premium is extracted; chop for now
BEANS: Commitments of Traders confirms net fund buying. This is supportive.
CORN: Corn is due for a corrective break barring a surprise from the USDA.
WHEAT: Wheat may have run out of gas, but this should be temporary.
ENERGY: Weak economic demand environment/high stocks offsetting geopolitical risk
COTTON: Demand news still in question; USDA reports to set tone today
COFFEE: Look set for uptrend in 2009; Colombia cash already tight; more up
SUGAR: Will need help from outside markets to see uptrend; 12.51 resistance
COCOA: Under pressure from weak Pound, test of lower end of range likely