Senior Contributor
Posts: 1,634
Registered: ‎05-03-2010

OptionEye - Macro Outlook - July 24th

Good morning.


Big new crop sales for corn, meal and soybeans 


Meal export sales 348,900, corn was 1,143,400 and beans 2,451,100. 


Corn up 5, beans screaming up 22 and wheat up 9. Soybean story is dry weather. Not sure I buy it but the public does. 


The 10 year yield is back to 2.50%. Oil is down .31 cents to $102.81. Gold is off again to $1297.48 down $7.15. 


Stocks are a little higher after a mixed session yesterday. 


Initial jobless claims were better than expected.