| DAILY MARKET SUMMARY |
| STOCKS: We would take a lot of direction from US claims figures |
| BONDS: Just enough economic optimism and supply to give the bears control |
| CURRENCIES: A slight increase in risk interest lifts C$, Euro and Pound |
| COPPER: A little more corrective action ahead but the bulls still have a case |
| METALS: Gold and silver seem to be out of sync with outside market action |
| CATTLE: Still overbought and in need of correction; August back to 89.30 |
| HOGS: Choppy to lower trade ahead with hefty weights and weaker packer demand |
| BEANS: USDA report to set tone today; massive S America crop to absorb |
| CORN: Corn could be due for a bounce, but this should be short lived. |
| WHEAT: Downtrend gaining a bit of momentum. Need a bullish surprise to rally. |
| ENERGY: Overbought, will need positive macro economic view to avoid profit taking |
| COTTON: The USDA report was mildly supportive, not enough to change direction. |
| COFFEE: Tightening exchange stocks and bullish technical action; more up |
| SUGAR: India washouts getting priced-in; new buyers to form support soon |
| COCOA: Supportive currency action could inspire a more significant recovery |
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