Headlines – 2009.01.30

STOCKS: After some early weakness off GDP we expect the mkt to find support
BONDS: Until there is a headline change the bears should retain control
CURRENCIES: More Dollar and Yen gains in the face of US slowing evidence
COPPER: Rising LME supply, declining production/demand favors the bears
METALS: The bulls have control mostly off ongoing flight to quality buying
CATTLE: Consumer demand weak as lower production but lower beef price; weak
HOGS: Weak demand tone suggests big problems moving pork exports; Buy 59.67
BEANS: Possibility of more rain in South America keeping the pressure on.
CORN: Fundamental factors are in rough balance. Dollar may decide direction.
WHEAT: Wheat looks like it will follow the dollar. Today, that means lower.
ENERGY: The bears remain in control with more demand destruction fears ahead
COTTON: Short-term economic news remains weak; home furnishings not moving
COFFEE: In position to see steady uptrend ahead; buy corrective breaks
SUGAR: Too much demand uncertainty and supply tightness in India temporary
COCOA: Bull case still in place but vulnerable to end of week profit taking