OptionEye - Macro Outlook - July 16th
Corn up, yes up this morning by 4 cents. Beans are up 8 cents and wheat is up 2. Good morning for the bulls.
10 year yield is creeping higher to 2.56%. Stocks are higher as well.
Gold is higher by $5.15 to $1299.23. Oil is up over $100 to $100.76 up .79 cents.
Corn down 25% over the last 12 months as I am sure you are aware. Wheat down 19%. At these low levels the talk as of late is that it has spurred on some buyers. Let's hope so.
Still have some chatter that beans may fall futher. Not sure about that but the chatter is getting louder.