OptionEye - Macro Outlook - Sept. 15th
Halfway through the month already...where does the time go...
Anyway, good morning.
Corn down 3, beans down 5 and wheat down 4.
Hedge funds have lowered crop bets to the lowest since January as commodities in general have extended their declines to the lowest levels since the China slowdown in '09.
Stocks are a little easier after posting a weekly loss.
The 10 year is at 2.60% awaiting the Feds announcement this week.
Gols is up $6.19 to $1235.89 and oil is lower by .82 cents to $91.45.
The dollar is continuing to strengthen and sits at 84.38 up .14.
The economic numbers were good, Empire Manufacturing came in better at 27.54 vs expectations of 15.95. Later we get Industrial Production expected at .3%.