Senior Contributor
Posts: 1,607
Registered: ‎05-03-2010

OptionEye.....May 17th

Good morning.


Beans up 9 in the fronts. Corn up 1 while wheat is down 1.


Economically speaking there are some consumer confidence numbers this morning that may move the market. Stocks are a little higher overnight.


The 10 year bounced off that resistance above at 2.00% and has settled in at 1.88%. Gold has lost its luster trading at $1377 off about $8 this morning.


Watching the numbers coming out of Europe and cross reference them with a stronger dollar we now see the EUR trading at 1.28 and on its way to 1.20.


As far as agriculture, there isn't a lot of news. Got to get this stuff in the ground to really get going here. The volumes in Chicago have been pretty thin.


Have an excellent weekend.