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Senior Contributor

OptionEye....June 28th

OK. Here we go.

 

Pre report prices are corn down 1 to up 2, wheat up 1 to 4, and soybeans up 1 to 2.

 

This report has a tendency to move the market pretty violently. It is also the end of the quarter and end of the month so things could get a little exaggerated. Be careful.

 

As for the rest of the world, equities are a bit better but need to improve from here so as to not finish the month down for the first time since October/November of last year.

 

10 year yields continue to ease and are at 2.47% this morning.

 

Gold dipped below $1200 yesterday and is a shade higher today at $1203. The dollar is unchanged as we head into a holiday week.

 

The American CEO held hostage in China is back on US soil and it will be interesting to hear what he has to say about our trading partner. Blackberry getting hit hard after weaker earnings and Accenture suffering the same fate this morning.

 

Lots to digest this first half of the year and the next half looks to be just as exciting.

 

 

 

 

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6 Replies
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Veteran Advisor

Re: OptionEye....June 28th

Candles lit and prayers said.  Long Soybeans.

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Veteran Advisor

Re: OptionEye....June 28th

Crap, didn't say enough prayers.

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Veteran Advisor

Re: OptionEye....June 28th

Just hold on and go to the bathroom later.

 

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Contributor

Re: OptionEye....June 28th

Hillarious. Gio
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Honored Advisor

Re: OptionEye....June 28th

Gio
It will be a limited reaction. If down. That export report said a lot about real supply and protection by the big buyers. They went long.
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Veteran Advisor

Re: OptionEye....June 28th

Sw,

 

I am still long soy.  I made some money early, gave some back at the end.  

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