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Senior Contributor

OptionEye - Macro Outlook - Aug 27th

Good morning. 

 

Corn down 2, beans up 4 and wheat up 1. 

 

DTN reporting that the rains we got in the Midwest this week will be good enough to maintain soil moisture already adding to stories of a record crop. 

 

Stocks are unchanged as Europe is mainly mixed. 

 

Oil is up .14 cents to $94.00. 

 

Gold is up $4.86 to $1286.10. 

 

The dollar is a little weaker although still strong at 82.49 down .15. 

 

Finally the conundrum of the year, the 10 year, is still low at 2.36% signalling danger ahead. 

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