Economic Data

Wholesale Trade

	Prior	Actual
Inventories - M/M change	1.1 %	1.0 %

Market Activity

Grains +2.21%

O+5.35% W+3.14%BO+2.49%S+2.11%SM+1.80%C+1.19%RS+1.17% RR+0.44%

USDA WASDE Report http://usda.mannlib.cornell.edu/usda/current/wasde/wasde-04-08-2011.pdf

Bloomberg Grain Report http://www.bloomberg.com/news/2011-04-08/corn-rises-on-signs-higher-cost-failing-to-slow-demand-wheat-prices-gain.html

Oats reversed yesterdays limit-down action by closing up the daily price limit

Energies +1.79%

HO+3.55% RB+2.33%CL+2.26% Ethanol +1.19% NG-0.39%

Platts OilBlog http://www.platts.com/BlogDetails/oilblog

Metals +1.72%

SI+2.67% HG+1.92% PA+1.79% PL+1.20% GC+1.01%

Currencies +0.27%

EC+0.95% SF +0.69% AD+0.68% MP+0.36%BP+0.21% CD+0.12%         USD -0.98%

Financials -0.07%

ED +0.01% TU-0.03% FV -0.08% TY -0.08% US -0.11%

Indices -0.55% VIX +1.47% CRB +0.95%

YM-0.20% ES-0.36%          NQ-0.48% EW-0.68% RJ-1.04%

NYSE volume 585M shares, about 18% below its three-month average; decliners lead advancers by 2.5:1.
NASDAQ volume 1.33B shares, about 15% below its three-month average; decliners lead advancers by 2.6:1.
- VIX index +6% at just over 18.00

Softs -1.65%

OJ +0.94% KC+0.79% CC-0.44% CT-2.52% SB-3.17% LB-5.48%

Cotton sold-off on a “buy the rumor-sell the fact” reaction to the USDA report that showed lower ending stocks thatn the previous report

1Q Earnings Week 1

27 Reports  22 above last year 5 below last year Spreadsheet of Earnings Results

16 Above Expectations

4 Matching

7 Below

CFTC Reports

CFTC Commodity COT (Combined)