
07/02/2009
| Bonds | +50 | Sugar | -22 | Beans | -15.0 | Crude | -126 |
| S&P 500 | -6.2 | Cotton | +0 | Meal | -4.6 | Unleaded | -376 |
| Dow | -49 | Cocoa | -18 | Soyoil | -4.1 | Heat | -340 |
| Yen | -15 | Coffee | -30 | Corn | -4.3 | Nat Gas | -62 |
| Euro | -84 | Wheat | -2.5 | ||||
| Swiss | -80 | Gold | -7.70 | ||||
| Canada | -29 | Cattle | -30 | Silver | -29.00 | ||
| Pound | -86 | Hogs | +40 | Platinum | -171.0 | ||
| Dollar | +490 | Copper | -460 |
| DAILY MARKET SUMMARY |
| STOCKS: Will need help from Jobs data or see significant correction today |
| BONDS: A rally off weak employment likely temporary in face of big Government debt sale |
| CURRENCIES: $ needs employment report to confirm surfacing macro economic doubts |
| COPPER: Short term news turning sour and need US surprise or more down |
| METALS: Those holding long positions should seek long put protection |
| CATTLE: Weak beef prices belie strong tech action |
| HOGS: Lower weights improve fund outlook, but pork prices still drag |
| BEANS: Exports or outside markets could boost the complex, but we doubt it. |
| CORN: Zero deliveries may support July corn but that's all the support we see. |
| WHEAT: Wheat may be out of sellers for the week, but trend remains down. |
| ENERGY: Will need a very bullish economic surprise to shift control away from the bears |
| COTTON: Enough eager fund traders and not enough sellers; more up ahead |
| COFFEE: Brazil exports in June high enough to pressure cash ahead of harvest |
| SUGAR: With world production deficit, minor crop issues in India to support |
| COCOA: Both the currency and technical action point to more weakness |
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