08/07/2012 Live Update

[xfradnex]

Not trading Related..............You enter "Marvin Hamlicsh Dies" into Yahoo and you find out Yahoo, Amazon, and NexTag want to sell his body and some other company want you to call him.

[xfradnex]

Euro zone leader says that Greece leaving Euro would be managable. http://www.telegraph.co.uk/finance/econ ... ncker.html. It sounds like they have plans.

[xfradnex]

It looks like Greece will need 3 Billion on Aug 20 to pay for some maturing Bonds. "Athens faces a 3.2 billion euro bond maturity on Aug. 20. The bond is held by the European Central Bank." http://www.cnbc.com/id/48548525 Today they got 1 billion of it http://news.yahoo.com/greek-borrowing-c ... nance.html.

[xfradnex]

Must read http://www.zerohedge.com/news/primer-in ... rket-moves

[xfradnex]

Soybean yield expected down 17% from average. http://www.zerohedge.com/news/3rd-worst ... her-spikes. From what I can see in the fields, the crop is half the size of last year's (2011 was below avg). So the Soybean yield should be worse than down 17%. We had significant rain today. I will check if they will recover, but were browning yesterday. The corn is finished (dry) at half the size of last year.