Quarter End

Jobless claims came in a bit above consensus,Chicago PMI was better than expected but neither had a lasting impact on trade.WE have seen some erratic movements today in the trade.In the cattle complex  we have some some hefty short covering activity,Treasury curve Unwinding or profit taking from the steeping trades we have seen last few days.Dow and russell in the red Spooz trying to stay above the gap ,which is below 2052,nasdaq up small.So far no real rhyme or reason for movements so  I will blame the Quarter end adjustments for the “themeless” trade so far today.

Grains heavy as We await crop report at 11:00.

Looking towards Europe and london Close to see if volatility kicks up a notch due to the Quarter end.

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