Equities In the macro arena we have leading indicators rolling over, and a stream of worse-than-expected data pieces on U.S. housing, U.S. employment, U.S. durable goods ordered and large move lower by consumer confidence. Seems that the markets do not appreciate the data. Things that move the markets are only FED policy on rates, dollar […]

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United States Department of Agriculture issued Crop Production 2009 Summary for January. Production of all major agricultural commodities is expected at record numbers. The report sparked a major sell-off. Chart 1. Dow Jones – UBS Corn Subindex Chart 2. Dow Jones – UBS Wheat Subindex Chart 3. Dow Jones – UBS Soybeans Subindex

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