OptionEye - Macro Outlook - Aug 26th
Corn is basically sharply unchanged this morning..maybe down a quarter cent. Beans are down 5 with the Sep giving up 20 cents. Wheat is unchanged as well.
More bumper crop stories doing the rounds about beans and pressuring them lower today. Yesterday's condition report was good. Beans are down 21% this year.
Oil is up by .30 cents to $93.65 and gold is up by $10.20 to $1287.10.
Stocks are higher (again) with the S&P up 3 handles.
The dollar is still strong at 82.52 which this morning is down .02.
The 10 year is at 2.37% confounding experts as to how stocks AND bonds can rally. I say the economy is still dicey. Time will tell.
Durable Goods and Cap Goods are today's economic numbers.