OptionEye - The Cow Guy - March 26th
The trade is coming around to the fact we have a wheat story going on. Crop conditions are deteriorating. Overnight things were a little easier with corn down 2, wheat down 2 and beans down 6.
Things will get a little dicier as we get closer to Monday. We have the Japanese fiscal year end, quarter end and month end all lined up to give us some volatility over the next few days.
The 10 year is stuck at 2.75%. Gold is up #3.96 to $1315.16 and oil is up .33 cents to $99.52.
We get durable goods orders this morning as well as PMI and mortgage applications. Either way, things will get funky.