Futures quiet ahead of August sales figures U.S. equity futures are trading near fair value. Volume is light ahead of the advance retail sales report for August which is due out at 8:30 am ET. Analysts are predicting that sales rose 0.6% overall ,while the core reading which excludes autos and gas is expected to have risen 0.3%. Other data points due out today include the Import Price Index, the University of Michigan's Consumer Confidence Index, and reports on business inventories.
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.