Good morning.
Overnight corn up 1, beans down 3 and wheat up 5.
The silliness continued yesterday as stocks took a HORRIBLE retail sales number as a wet blanket on rate hike talk and actually rallied. Big. Go figure. The 10 year yield came into 2.05% and is back out to 2.12% this morning. The markets are acting like they just don't know what to do with this information agains the backdrop of the Fed rhetoric.
Oil is below $48 and sits at $46.46 down .59 cents as more talks of a glut do the rounds.
Gold is laying there up $2.94 at $1156.62.
Stocks are slightly higher this morning with the S & P futures market up 2 handles.
The dollar is slightly stronger here this morning up .13 to 99.56 and flirting with 100.00.
Today's figures from the government are PPI and the University of Michigan Sentiment Index.
