Rice was up a little, beans down a little, corn & wheat about even. The US Dollar was down a little, copper up a little, natural gas and crude oil about even and bonds even to down a little, depending on maturity. Finally, the stock market was down a little.
When congress (and it is congress' duty, and the sole responsibility of congress and the power to act lies entirely with congress under the constitution) either does or does not extend the debt ceiling, the world will exhale. Stocks will go up, or down, according to what congress does, and that will drive pretty much all markets to some sort of activity.
Except, maybe, grains. In the very short run, grains may see some volatility from the budget resolution, but over the coming weeks into October and sometimes later, it's all about weather.
When congress (and it is congress' duty, and the sole responsibility of congress and the power to act lies entirely with congress under the constitution) either does or does not extend the debt ceiling, the world will exhale. Stocks will go up, or down, according to what congress does, and that will drive pretty much all markets to some sort of activity.
Except, maybe, grains. In the very short run, grains may see some volatility from the budget resolution, but over the coming weeks into October and sometimes later, it's all about weather.
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