cancel
Showing results for 
Search instead for 
Did you mean: 
ShelladyOptions
Senior Contributor

OptionEye - Macro Outlook - July 27th

Good morning. 

 

Overnight saw the Chinese stock market having more fireworks again with the Composite Index down over 8.00%. That would be a big move in our markets if it happened here but so far things  are lower but not by as much. 

 

Our S & P futures contract is lower this morning, reflecting that move in China, by over 11 points at the time of writing. 

 

The 10 year yield aslo showing some nerves as the rate trades down to 2.23% this morning. 

 

The grain markets also shedding some weight here as the weather over the weekend largely cooperated. Corn is lower by 11 cents, beans by 11 cents and wheat by about 4 cents. Not going to be a pretty opening today. 

 

Oil is lower again by .56 cents to $47.58 and gold is lower too to $1093.99 down $5.06. 

 

Where oh where is all this inflation we are/were supposed to get? 

 

The dollar is weaker and should have been a help to grains this morning but weather rules the day. The dollar index is trading at 96.70 down .53. 

 

 

0 Kudos
2 Replies
Hobbyfarmer
Honored Advisor

Re: OptionEye - Macro Outlook - July 27th

 

Where oh where is all this inflation we are/were supposed to get? 

 

Come on out here to south Podunk Country Iowa, we've got it here.  

At the parts counter

At the New anything farm equipment center

At the New pickup store

At the property tax window.

At the farm chemical/fert dealer.

At the gas pump....$48 crude....$2.729 gasoline .

 Yep alive and well right here ...come on over.

roarintiger1
Honored Advisor

Re: OptionEye - Macro Outlook - July 27th

And...........food prices still rising at the grocery stores and restaurants.    What......this guy doesn't eat?