OptionEye - The Cow Guy - Nov 20th
Corn is down 1.75, beans are up 1 and wheat is unchanged.
Stocks are slightly lower. Oil is basically unchanged and gold is down $10.00 to $1265.65.
Still debating the Fed and its policy. Where is this $85 billion per month going? How come it is still very hard to get a loan? Why is our growth so anemic? Where are the jobs? Etc. etc.
I am not sure what the answers are but we will continue on the this path because those in charge don't have an answer either. QE is simply a way to stall and buy time in the 'hopes' that we find some sort of growth around the corner. Who knows? Maybe this Bitcoin thing will spur on a whole new economy. It is going to take something of that magnitude to shake us from this malaise.
On the plus side, Deere and Co. has forecast a better 2014 seeing a demand pickup in construction machinery. I hope they are right.
We get the minutes from the FOMC meeting on the Oct. 29-30 today, Maybe we get some insight there. Don't hold your breath.