Financials: June Bonds arecurrently down 17 points at 136'00 and the 10 Yr. Note15 lower at 128'12. I fel that Bonds are in an oversold situation and just can't get negative now that yields are approximately 3.5% on the 30 Yr. and 2.3% on the 10 Yr. I do realize that these rates are still within 1% of historic lows and 2 years from now rates will probably be higher than they are today if the economy continues to grow. That being said, I choose the sidelines for the time being.Grains: Yesterday May Corn closed 10'2 higher at 669'0, May Beans 18'6 higher at 1369'0 and May Wheat 21'0 at 664'6. Over night Corn traded fractionally lower, Beans 1'4 lower and Wheat 2'0 lower. Currently we do not have a futures position in the Grains having exited long May Corn positions earlier in the week. We remain short the July Corn 600'0/700'0 strangle.Cattle: Apr. LC is currently 85 higher at 126.40 after closing 145 lower at 125.57 yesterday. May FC are currently 57 higher at 157.87 after settling 145 lower at 157.30 yesterday. I am currently on the sidelines.Silver: May Silver is currently 10 cents lower at 32.60 and Apr. Gold 8.00 lower at 1651.00. Over the last two sessions Silver has held the 32.00 support level and Gold has held in the 1630's. Personally if I went long futures at those levels I would take the short term profit and stand aside. I expect these markets to remain very volatile.S&P's: Jun. S&P's are currently 3.00 higher at 1399.00. Iremain short the APR. 1340/1360 call spread.Currencies: As of this writing the Euro is trading 50 higher at 1.3152, the Swiss 47 higher at 1.0911, the Yen 5 lower 1.1997 and the Pound 126 higher at 1.5841. I amcurrently on the sidelines. My near term downside objectives for both the Euro and the Yen have been met.Regards, Marc888.908.4310 | 312.264.4310mnemenoff@pricegroup.com