IPath Dow Jones-AIG Grains Total Return Sub-Index volatility flat IPath Dow Jones-AIG Grains Total Return Sub-Index overall option implied volatility of 21 is at its 26-week average according to Track Data, suggesting non-directional price movement.
Teucrium Soybean Fund volatility flat as soybeans trend to two-year low Teucrium Soybean Fund overall option implied volatility of 23 is at its 26-week average according to Track Data, suggesting non-directional price movement.
U.S. Retail Sales Preview U.S. Retail Sales Preview: August retail sales will be released on Friday and analysts expect the headline to grow by 0.4% (median 0.5%) with the ex-autos figure up 0.1% for the month. This follows respective July rates of unchanged and 0.1%. The outlook for August retail sales is modest but should be held up by back to school shopping at the beginning of the month as well as firm auto sales as analysts discussed in Monday's commentary.
Treasury Action: yields stayed elevated Treasury Action: yields stayed elevated to round out the session, with the largely as-expected budget deficit narrowing. The T-note yield is holding near 2.53% after stabbing below 2.52% on the solid bond reopening, having bubbled back up from 2.50% lows earlier. The 2s-10s spread remained stuck near +197 bp for the bulk of the session.