OptionEye - Macro Outlook - Aug 15th
Corn getting a lift here and currently up 4 which will not help with volatility. We are inching towards that area that is right at the straddles that investors have been selling short as well as the strangles that have been sold as well.
Beans are up 8 and wheat is up 3.
The 10 year yield is below 2.40% and sits at 2.393% and headed to 2.15%.
Gold is getting hit at $1298.00 down $15.57. Oil is up .24 cents to 95.82.
The dollar is a tad weaker but still strong at 81.51 down .07.
We had PPI this morning which came in as expected and soen spook the market. Equities are up going into the weekend on 'bad is good' sentiment.