OptionEye Morning Market Macro Outlook - April 29th
Corn up 4, beans up 1 and wheat down 2.
The next 7 to 10 days looks as though there will not be any significant planting windows for corn which is already behind schedule. After about May 10th the crop could start to have the top of yield expectations racheted down. However, having said that, we can catch up very quickly, we are only 9 percent behind the 5 year average.
Oil is up .47 cents to $101.31 and gold is off $6.57 to $1290.11.
Stocks are higher as Merck beats. European bourses were all up as well.
The 10 year yield is at 2.71% and the dollar is stonger, up .12 to 79.81.
We will get a little quieter as we await the jabber from the Fed meetings. And oh yea, non-farm on Friday.