Mid day update

  • Russia may have carried out air strikes in an area not controlled By ISIS-rtrs.
  • White house says that Russia will not succeed in imposing a military solution in Syria.
  • U.S. seeing Russia ramp up support for Syrian president

This can’t be good for Stocks

The past 2 days,the high print for the day in Spoos  came  in right around 9:30 ish. not a trend yet  but something to monitor

Quarterly Grain Stocks,Compared to consensus  Showed soy and Wheat Lower  Corn right in line.But when we compare them to year go levels they are quite bountiful.All eyes turn towards harvest progress

 USDA: 2015 SOYBEANS STOCKS 191.4M BSHLS SEPT 1 V 92.0M YR-AGO
12:00 09/30  USDA: 2015 WHEAT STOCKS 2.089B BSHLS ON SEPT 1 V 1.907B YR-AGO
12:00 09/30  USDA: 2015 CORN STOCKS 1.731B BUSHELS ON SEPT 1 V 1.232B YR-AGO

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