OptionEye - Macro Outlook - Sept. 26th
What a weird week.
Corn is unchanged, beans are down 6 and wheat is down 2. Trade still wrestling with how big final crop numbers could be as soybean prices sit at 5 year lows.
In other markets stocks are up a tad with the S & P up 1.6 points after yesterday's plunge seeing the DOW down 264.
The 10 year slips again below the 2.50% level to 2.49% signaling danger ahead.
Oil is at $93.06 up .53 cents while gold is down $2.03 to $1219.50.
We get GDP today which will be very important going forward. How much we actually grow is the key to everything else.
The dollare is stronger again to 85.30 up .11.
Have a great weekend.