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Senior Contributor

OptionEye Morning Market Macro Outlook - April 29th

Good morning.

 

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.

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3 Replies
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Advisor

Re: OptionEye Morning Market Macro Outlook - April 29th

On some years the early plant date yield bumps are a myth. Beware
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Honored Advisor

Re: OptionEye Morning Market Macro Outlook - April 29th

On some years, the late planted date is just fine & dandy & leads to record yields...........beware.    Smiley Wink

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Advisor

Re: OptionEye Morning Market Macro Outlook - April 29th

Absolutely tiger . Seen monster yields here in the east belt planted end of may first of June. Corn that is
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