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Senior Contributor

OptionEye - Macro Outlook - Aug 21st

Good morning. 


Corn up 1, beans up 5 and wheat up 2.



Stocks higher again this morning after yesterday's FOMC minutes suggested jobs were better so we may be able to raise rates sooner rather than later. Wait, what? I don't know what they are looking at but I want a pair of those glasses. 


The 10 year yield is at 2.43% after rallying on the Feds comments about rate rises and economic health. 


Oil is off another .71 cents to $92.74 and gold is getting sold off $11.99 to $1279.93. 


The dollar is unchanged but at a strong level at 82.24. 


Today we get Initial Jobless Claims and Markit PMI but the headlines will be Janet Yellen and what she may say at Jackson Hole. 

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