Grains: Over night July Corn gained 4'2 at 616'2, July Beans 5'6 higher at 1426'6 and July Wheat fractionally lower at 629'2. Treat July Corn as a trading affair between 590'0 and 630'0. May options expire today.
Cattle: June LC is currently 40 higher at at 116.35 and May FC 50 higher at 152.60. If you went long June LC either take the short trm profit or raise your protective sell stop to the 115.20 level.
Silver: May Silver is currently 3 cents lower at 31.75 (on Monday I will be quoting the July contract) and June Gold 1.00 lower at 1640.00. I still remain somewhat ambivalent to these markets and will wait for a sharp break from present levels to consider the long side, if the market allows.
S&P's: June S&P's are currently 6.00 higher at 1378.50. I still feel this market is rangebound between the mid 1360's and the mid 1380'2. Treat as a trading affair. April options expire today.
Currencies: As of this writing the June Euor is trading 47 higher at 1.3183, the Swiss 45 higher at 1.0976, the Yen 38 lower at 1.2245 and the Pound 47 higher at 1.6048. I still retain a negative bias to the Euro and the Yen although I am currently on the sidelines. French election process starts this week end.
Regards, Marc 888.908.4310 | 312.264.4310 firstname.lastname@example.org