OptionEye - Macro Outlook - Aug 18th
Good Monday morning.
Corn up 3, beans up 2 and wheat down 3.
Wheat down on easing tensions in the black sea region. Soybeans dropped 3% last week and are off to a better start this morning. For corn, the Pro Farmer Midwest Crop Tour starts today.
Stocks are solidly up this morning as European stocks are all up about 1% as well today. The pundits will try and blame the easing tensions in Russia and the Ukraine for the jump this morning.
The 10 year is at 2.36% this morning as bonds trade a little easier on, yep, you guessed it, easing tensions.
Gold is lower by $3.93 to $ 1300.90 and oil is lower by .98 cents to $96.37.
The dollar is again stronger this morning by .20 to 81.44.
No real economic news this morning so our attention will be focusing on Russia.