OptionEye - The Cow Guy - March 27th
Well, we got over the GDP hurdle and are growing.....slowly, but growing.
Overnight, corn up 1, wheat down 3 and soybeans up 3. We are at a one week in soybeans as more 'dwindling reserves' stories do the rounds.
A little something for everybody.
Lean hogs all over the place as they are limit down Monday, open sharply lower Tuesday only to finish up on the day. Wow.
Stocks slightly better but 30k Russian troops on the border may prove to be a bigger hurdle than GDP.
The 10 year is at 2.70% and oil continues its rally. Currently trading at $101.12 up .86 cents. This will be a big problem as I am a firm believer the country can't really grow with oil over $100. Gold is below $1300 at $1295.80 down $8.67.
This could be an interesting few days.