The overnight breakdown in the US Treasury market comes as Asian markets react to the rally in global equity markets and comments from the Fed acknowledging an improving US economic backdrop
Stocks: Bulls Have a Number of Positives Working In Their Favor
Short term trend continues to support the bulls until 12,810 comes out in the June E-mini Dow and 1370.40 for the June S&P 500.
Soybeans: Bullish Setup for New Crop Beans
New crop soybeans seem to have more upside potential, as the South American supply will tighten in the for the coming season and there is significant uncertainty on the US supply outlook for the new crop season.
Currencies: Rebounding Macro-Econ Sentiment Pressures Dollar
The Dollar is likely to remain under pressure this morning, although losses may be limited until the market has a clearer picture of the Greek debt swap results.
Stocks: Benefit from a Surge in Risk-Appetites This Morning
The early drive higher could face a boost in volatility ahead of this morning’s economic calendar, Greek swap deadline this evening and tomorrow’s Non-Farm Payroll report.
Cotton: India off the Export Market and the Industry Needs to Replace That Supply
Short-covering and new buying is likely to emerge if the market attempts to set-back today with a bearish tone to outside market forces.
Sugar: Look for More Selling Pressure Short-Term.
The market looks vulnerable to further selling pressures with 24.03 and 23.61 as next key support levels.
Hogs: Tech Rally Impressive
Strong exports to China could be one of the factors which would support a strong run higher into the spring, but this should show up as increases in pork values which remain choppy.
Cattle: If Outside Forces Not Too Negative, Fund Buyers Might Remain Active
As long as outside market forces are not negative enough to spark fund traders long liquidation, the uptrend is impressive and fund buyers might remain active.
Cattle: The Market Seems to be Probing for a Near-Term Low.
by Terry Roggensack on March 21, 2012
It will be important to see the beef market push higher this week to expect a near-term low.