Good morning.
Big day for financials and the government as we await the non farm payroll numbers. The street is looking for a 130k number and an unchanged unemployment rate.
The ag sector is still pretty much a bean story but the volumes have been extremely thin as we await the jobs report and next weeks USDA numbers. I have to say that I really don't have a feel for what the numbers will be but I still think this corn crop is closer to 10 than 11.
Corn is little changed this morning, beans are off about 7 and wheat is up 3. Equities have continued their rally from yesterday and it will take a really bad jobs number to put a damper on the rally. The dollar is weaker and oil is continuing to be strong.
Let's see what the government gives us today.
Scott
