OptionEye Morning Market Macro Outlook - April 28th

[ShelladyOptions]

Good morning.

Cold, wet and rainy. Hello summer.

Corn up 3, wheat up 2.5 and soybeans leading the way up 15.

Beans trade up to levels last seen on the 21st of April. Cold wet weather also looking to hamper the planting of corn. We get planting progress this afternoon.

The situation in Russia/Ukraine tensions are not going away and arguably are heating up. Oil is up .61 cents to $101.21 and gold is off $2.75 to $1300.45 hanging on to that $1300 level.

The 10 year yield is at 2.68%, not really budging but stocks are going to open higher this morning which may see that 10 year yield creep towards 2.70% again. If it doesn't, it should be telling us something.

The dollar is off giving commodities a boost, trading at 79.62 which is lower by .12.

Today we see Pending Home Sales and Dallas Fed Manufacturing Activity.

[giolucas]

More rain, more planting delays, more soybean acres in the future.  

[roarintiger1]

As long as we are compiling lists..........http://www.youtube.com/watch?feature=player_detailpage&v=RFKdXV63_Cc#t=19

Faster horses, younger women, older whiskey, & more money.............................

[c-x-1]

aahh, phooie on more soybean ac......didn't they plant corn up to about July 20th in da nort last year? 

[Hobbyfarmer]

"More rain, more planting delays, more soybean acres in the future.  "

See what you get with the non farmer types. May is the CORN planting month.

[giolucas]

Funny hobby,

I expected you to put up something political from your  type.

[Hobbyfarmer]

AS usual Gio your last post is

[ECIN]

Dam you too ! I just hate to read your post's to each other - There is just so much love there - it dang near brings a tear to my eye , I was going to put up a smily face , but the dang thing - put's at the front of the post instead of the end - so heres my make up smily    : - )

[giolucas]