Good morning.
Quiet grain market overnight with corn and beans basically unchanged and wheat up 1.
The 10 year yield will be in the spotlight today with the non-farm jobs numbers giving us a clue as to what the Fed might do with rates. If it is a good number the rate hike mongers will rule the day and we may see a move higher sooner rather than later. A bad number could put things off till the end of the year or even 2016. It just feels like this is a pivotal number for the trend.
Oil is higher but not by much and has come off its highs as of late. It is up .45 cents at $59.39. The gold market is languishing at $1185.37 up .87 cents. No real story there.
Stocks are in a holding patter and are just a little higher waiting for the number this morning. The S & P is up over 4 points going into the figures.
The dollar is slightly stronger at 94.75 up .11.
Have a great weekend.
