OptionEye Macro Outlook December 11th
Overnight it's all been about Bitcoin. And, you know when people that have nothing to do with futures and options are talking about it on the elevator....it smells like 2001 all over again.
Corn is 1 lower, beans are 7 lower and wheat is almost 5 lower.
The dollar is quiet and a bit lower at 93.78 down .11.
The stock market is up a tad with the S&P future up 2.50 points and the Dow future up 53 points.
The 10 year yield is trading at 2.37% this morning in early trade.
The crude oil market is lower at $57.13 down .23 cents. The gold market is a bit higher at $1250.97 up $2.47.
Today we get JOLTS Job Openings.
Re: OptionEye Macro Outlook December 11th
Maybe "risk money," fund buyers, or the Russians are buying the Bitcoin instead of investing in the lethargic grain market. Little more exciting. My marketing plan for low grain prices should have been to sell the grain and buy Bitcoins. Then I would really have something to worry about.
Still very dry here in the heartland. 5+ inches below normal for the year. No geese flying south yet. Taking a day at a time.