Headlines – 2009.04.14

STOCKS: The bias looks to remain up off data and Presidential cheerleading
BONDS: Data and Obama should apply some light pressure to Treasuries today
CURRENCIES: Relative strength ranking today is Pound, Canadian, Yen, $, Euro
COPPER: After a minor correction today we suspect that the up trend will resum
METALS: Choppy action ahead as gold and silver are facing a transition
CATTLE: Steady turn up in beef prices may support but packer margins weak
HOGS: Move up in pork prices over past week positive sign for uptrending cash
BEANS: Soybeans continue to lead the way. Buy on dips.
CORN: Corn still weak, but it could be pulled higher by soybeans and wheat.
WHEAT: Will wheat bounce even more this week? It all depends on the dollar.
ENERGY: With fundamentals clearly negative, price gains will rely on economic hope
COTTON: Still seems vulnerable to a more significant correction down
COFFEE: Consolidating and still seeing active selling from large producers
SUGAR: India import news enough to support minor uptrend with 14.59 target
COCOA: Bearish European cocoa grind will test the bull camp’s resolve