OptionEye - Macro Outlook - Sept. 2nd
I wonder if we see the world a little different now that August is out of the way and we can get back to normal. The world is a dangerous place.
Corn up 1, beans up 5 and wheat up 1.
Stories of the investment binge in U.S. commodities and agriclutural funds has basically ended. Record crops, great weather and the prospect of larger meat supplies have prices plunging. Ags attracted more money than metals and energy in the first half of the year but no more.
The 10 year is at 2.38% waiting for payroll numbers at the end of the week.
Stocls are up again continuing their slow grind higher with bonds.
The oil market is down .84 cents to $95.12.
Gold is down as well to $1271.70 down $14.30.
The dollar is once again stronger this mornig to 82.95 up .21.