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Senior Contributor

OptionEye....June 12th

Good morning.

 

Soybeans up again today with corn and wheat down. Beans up about 7 to 9, corn down 1 and wheat down 7.

 

We shall wait and see what the government gives us today. Whatever the numbers may be, we will quickly go back to trading the weather. I am not expecting anything shocking out of the government today.

 

Still some smelly things out there in the capital markets.

 

10 year rate is at 2.20% having been above 2.25% earlier in the week. Gold holding in at $1377 and the EURO keeps strengthening to 1.3293.

 

Stocks will get most of the negative move back this morning and we will have to see if it can hold on but it feels like we want to tread water for a while.  

 

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