Late Call

Posted by Nogger - a legend in his own mind at 15:18 | Categorized as

01/08/11 -- The late vibe just before the opening isn't quite so bullish after some disappointing data from the US. The Dow is now 50 points down having been almost 140 higher earlier in the day after the Institute of Supply Management (ISM) said that it's manufacturing index fell to 50.9 last month, much lower than the 55 mark expected, and the lowest in two years. The dollar is trending firmer, which may also weigh a little on the upside for grains this afternoon.