Good morning.
Everything is all ok...nothing to see here. Greece is fine. China is fine. US economy is fine.
Oh well.
For those that are wondering if there is still a trading floor, the answer is YES. We still trade options (corn, wheat, beans, eurodollars, bond and currency) on the floor in our funny colored jackets, yelling and screaming all day. Still is fun, we know our time is limitied but we enjoy it nonetheless. I was in London when we closed the floor and went all electronic back in 1997 ( yes, 18 years ago) and listening to the air conditioner upstairs all day does not compare to these stinky, sweaty guys wearing pajamas, yelling and screaming at me all day. Just sayin.
Overnight corn was up 4, beans up 7 and wheat unchanged.
Stocks love the fact that the Greek parliment approved the bailout plan and now the vote goes to the German parliment for what is seen to be a foregone conclusion. The S & P future is up almost 9 points this morning.
Oil is up .64 cents to $52.05 and gold is down $4.7 to $1144.95. No inflation here.
The dollar is up again to 97.54 which is up .38.
Today we get Initial Jobless Claims, Continuing Claims and the Bloomberg Consumer Comfort Index.
