08-03-201107:35 AM - last edited on 08-03-201108:19 AM by Jeff_a_Caldwell
Forgive my moments of silence yesterday as things were a little unhinged down on the floor during that 'rocket shot' to the moon. As my father would say 'the market went higher faster than a homesick angel'. Overnight we digested the FC Stone numbers as well as others that continue to take the bushel guesstimates lower. Yesterday's macro meltdown will also feature heavily today as we debate our ever slowing growth, but you still have to eat.
As of 7:30
Corn called steady easier
Beans called 3 to 5 lower
Wheat called 5 to 10 lower
Equities are trying to recover ever so slightly
Oil is off about .75 cents
The dollar is weaker which could help substantiate some of yesterday's frothiness.