Headlines – 2009.01.21

STOCKS: The trend might be down but an attempt to bounce is seen early today
BONDS: Minor downward bias as slowing fears are overshadowed by supply fear
CURRENCIES: The flow should continue to favor the $ as the lesser of evils
COPPER: The edge remains with the bear camp
METALS: Divergence between precious and industrial metals to continue
CATTLE: Should not take much in the way of positive demand news to turn up
HOGS: Watch for Technical sign of a low to buy February hogs; cash trend up
BEANS: Mixed weather outlook opens door for influence from outside markets.
CORN: Lack of upside follow-through yesterday suggests a more 2-sided outlook.
WHEAT: Wheat got most of the downside potential out of the way yesterday.
ENERGY: Up on tech bounce but need firm equities for gains to hold
COTTON: Choppy to lower trade ahead as world economic news worsens; weak
COFFEE: In position to work higher with 2009/2010 world production deficit
SUGAR: Sugar in bull trend despite negative outside market forces; 13.14
COCOA: Choppy range bound trade as fundamentals keep market hemmed in