Energies:  The crude oil futures are selling off as the US Dollar continues to strengthen. The US refining capacity has dropped in the last 20 years because a new refinery has not been built since 1976 which keeps distillate inventories low. US demand on the other hand has increased significantly during this same time period.  

Metals:  Gold futures are falling from the all time highs as the US Dollar continues to strengthen. Gold may find support because of increased industrial demand, lack of global production capacity, stagnant gold mine productions since 2000 and higher demand for jewelry. Barrick Gold the largest gold producer in the world expects production to be less in 2009 than in 2008.

Silver prices sold off from contract highs as the US Dollar continues to strengthen. Investors are flocking to hard assets as a way to protect themselves against falling currency values and inflation that may come soon.

Copper futures broke out of the sideways basing to the downside in spite of world wide stimulus packages that may necessitate massive copper use to build infrastructure. 

Grains:   The grain markets are selling off as the US Dollar continues to strengthen and supplies are ample.  

Exotics:  Coffee prices are selling off in spite of the idea of a tight world supply situation and the winter demand season in the northern hemisphere may boost prices. The strengthening US Dollar are also hurting prices.

Sugar prices rallied on the perception of a huge global deficit in sugar based on too much rain in Brazil and not enough in India.

Cotton prices are sold off as recent strength in the US Dollar may hurt demand.

Cocoa is rallying again to 30 year highs. Trouble is the Ivory Coast, where 50% of the world's cocoa comes from, should still be monitored closely.

Meats:   The feeder cattle and live cattle futures are selling off again.

Financials:   Interest rate sensitive futures reacted to the financial sector bail out by the US government. There seems to be a global trend for lower short term interest rates.

Currencies:  The US Dollar is selling off as the treasury printed a trillion dollars and the Fed is using it to purchase treasuries. This may lead to inflation very soon.