Nogger's Blog

31/01/12 -- Yes folks it's Turnaround Tuesday, with the overnight beans, and corn & wheat all up around 8-10 cents. Crude is up a dollar or so and even London wheat has put on 2-3 snots this morning. Everything in the garden is coming up roses.

Eurozone leaders have had a bit of a meeting, shook hands and sorted out their differences. So all's well that ends well. Phew!

The Greek thing is a done deal, so don't let that worry you. Neither should you be concerned that unemployment in the eurozone ended 2011 at a new record euro-era high of 10.4 percent. Portugal are only little, so they're of no concern either.

Spain and Italy are OK, apart from raging unemployment and strikes.

The Fed have their finger on the pulse and know what they are doing. Out of all the other options they had available to them they've kindly opted to keep interest rates low to help aid the global economic recovery that we are in the middle of.

China have just got back off their holidays, where they had a lovely time apart from the mozzies, and now need to restock the larder.

Chill out. We are not riding for a fall here, we're on our way back to the new normal. Repeat three times after me "we are not riding for a fall here, we're on our way back to the new normal. We are not riding for a fall here..."