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Senior Contributor

OptionEye....Sept 7th

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.



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2 Replies

Re: OptionEye....Sept 7th

Bad is good, good is bad.


An upside beat on the NFPs means that the odds tip against the Fed hitting the pump next week- the expectations of which are the only reason we're here to start with.



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Senior Advisor

Re: OptionEye....Sept 7th

QE3..........its coming.....

And with some yield reports coming in.........10B is in trouble.........

Have a good weekend

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