Headlines – 2009.02.12

STOCKS: The path of least resistance continues to point downward
BONDS: The path of least resistance is up but momentum might be limited
CURRENCIES: Flight to quality flows resume toward the Dollar and Yen
COPPER: Near term corrective action possible but $1.41 should be a value zone
METALS: The path of least resistance remains up despite initial weakness today
CATTLE: Overdone on recent bounce and expectations too high; correction
HOGS: Jump in pork values could help turn packer demand up; April to 65.42
BEANS: The soybean complex may be following both crude oil and weather.
CORN: Slowly declining prices and narrow ranges are likely to continue.
WHEAT: Soft export demand, ample supplies and fund selling taking us lower.
ENERGY: Rising stocks, grim economic outlook weighing on crude oil
COTTON: Slowing world economy to keep consumers buying elsewhere; not cotton
COFFEE: Some liquidation selling on correction but support should hold; firm
SUGAR: Traders try to determine just how much India may buy; correction first
COCOA: Under pressure from weak Pound, cracks forming in bull fundamental case