Financials: Mar. Bonds are currently 7 higher at 144'23 and the 10 Yr. Note 4 higher at 131'20.5. If you remain long Bonds from the 144'20 area either take the small profit or raise your protective sell stop to the 144'08 area from the 143'17 level.
Grains: Mar. Corn is currently 3'6 higher at 684'0, Mar. Beans 8'2 higher at 1375'4 and Mar. Wheat 4'4 higher at 751'6. Mar. Corn traded below the 682'0 level on Friday making a low of 678'0 over night before finding some support. Export sales remain below expectations. Support is now below the 670'0 level. Users (long hedgers) should consider covering their short term needs on breaks from current levels. As for speculation I will remain on the sidelines until the Jan. 11th Report. Look for a possible delay in the Report from the scheduled 7:30am time to 11:00am.
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