
Perspective: Morning Commentary for August 14
August 14 – The S&P is on the cusp of new highs again this morning following another relatively quiet night in stock futures. This week’s inflation data was a non-event for the markets, as it came in at to modestly below expectations, leaving this morning’s retail sales numbers to finish out the week. Those numbers came in softer than expected, leading to lower Treasury yields and increased hopes that the Federal Reserve will back off its rate hike ideas, which supported stock futures. The VIX continues to trade near 14, which is near 2026 lows. The dollar index is trading near 99.6. Yields on 10-year Treasuries are trading near 4.65%, while yields on 2-year Treasuries are trading near 4.13% as the yield curve continues to steepen. WTI crude oil is trading near $81 this morning, while Brent trades near $87 per barrel. The roller coaster continues in the grain and oilseed markets, with prices higher this morning on escalating tensions in the Russia – Ukraine war.

- Grains & Oilseeds
- Energy
- Dairy
- Renewable Fuels
- Cocoa
- Coffee
- Cotton
- Sugar
- Meats & Livestock
- Forest Products






