Market update

ISM Services good enough, prices paid multi year high, McConnell somewhat optimistic about Stimulus deal, Still wants a targeted approach but hey he didn’t dismiss Talks outright. Dollar out to wood shed for Third day in a row. Not a stimulus trade so far today more a QE trade as Bonds and stocks higher with Dollar heavy. Soybean bulls not yet ready to throw in towel i guess $12 not being threatened but higher today, OPEC decision to raise output by 500k a day starting January is bullish when compared to 2million Expected. OPEC will meet monthly to determine if production can be adjusted higher or not, Small bid in oil..Nat Gas ‘Katy bar the door ‘ Front month Jan -9.7% April -9% liquidation across all months not just front , H-J spread new contract lows along with contract high Volumes winter is over.

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