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OptionEye - The Cow Guy - March 28th

Good morning. 

 

Overnight things were kind of quiet. Corn down 1, beans down 1 and wheat down 8. Rain is the excuse for the overnight wheat move. Oh well. 

 

Bloomberg survey shows corn traders the most bearish in 5 weeks going into this report. Most worried about big acres. 

 

Gold still below $1300 trading at $1291.35 which is up .05 cents. Oil is up .27 cents to $101.55. 

 

The 10 year is below 2.70% trading at 2.68% and on its way to 2.50%. 

 

Stocks are going to start higher again but as of late that has been a head fake.

 

The dollar is a tad stronger over the 80 level trading at 80.18.

 

End of month and end of quarter on Monday combined with our report could make today a little dicey.