Crude Oil is making new highs here on the NYMEX for 2010 and this should not go unnoticed with the WTI spreads rallying along with the flatprice.  The spreads rally, especially in the back with Jun/Dec  to -170 and Dec/Red to -160 has had a positive affect on the upside for the oil markets.  Right now $83.60 does not look far out of the reach here and if these spreads keep rallying flat price will keep climbing.

Wednesday we’ll receive the latest USDA crop report and it is likely to show a further reduction in the crop. The cold weather did cause damage and this report ought to verify some of that damage. There should be more possible, so lean towards the long side….

SBK: Res. 2233-37, 2288, 2322, Sup 2162, 2140-2123, 2090

KCK: Res. 13130, 13285, 13390, Sup. 12970, 12860-25

CCK: Res. 2889, 2903, 2946-55, Sup. 2811, 2799-2795, 2760

CTK: Res. 8309, 8449-75, Sup. 8176, 8095-8075, 8000

The Yen could break out over the next few days and is currently trading at 1.13. The stock market wants to make a bullish move but is still worried about jobs and factory orders. My idea to take lottery winnings and create more slot machines at airports could really help the American people. Where else can we get significant amounts of money without taxing the consumer. Tax the rich! Well, in all honesty that’s stupid because they are the only people buying stuff. It is scary how much revenue is created after the government taxes lottery winnings. I think this should be investigated further. We can pay healthcare bills for the entire U.S if we make a big lottery donation.