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ShelladyOptions
Senior Contributor

OptionEye - The Cow Guy - Jan 24th

Good morning. 

 

Still no joy for the local crowd that has bought all of these March corn 430 and 435 straddles. A 2 cent break really doesn't help. We need sharp moves to make the gamma pay. That is a discussion for a different time. 

 

So far this morning corn down 2, wheat down 3 and soybeans down 13. Ugly morning in the grain room. The moves look mostly technical to me. 

 

The 10 year is trading at 2.73% this morning. Gold caught a bid as an Armageddon trade yesterday which I think is a tad tired. Currently trading at $1269.20 up $5.06. Oil is off .25 cents to $97.07 and saw a decent rally yesterday on supply concerns. 

 

The dollar is unchanged as we begin the last day of the week and a very cold next 7 days. 

 

 

 

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1 Reply
roarintiger1
Honored Advisor

Re: OptionEye - The Cow Guy - Jan 24th

Yes........I guess demand for grains is dead and never coming back.......  Move along........nothing to see here.

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