• USDA On-farm June 1 corn stocks down by 158 million bushels, off-farm down by 47 million bushels.

• USDA For wheat, on-farm stocks fell 3.4 mbu and off-farm stocks fell 12.5 mbu.

• We found it all: Goldcorp's former chairman, Ian Telfer, the once head of a huge multinational miner says “we've found all the gold. There is no more. "Are we not looking for it? Are we bad at finding it? Or have we found it all?"” My answer is we found it all. I don't think there are any more mines out there, or nothing significant. And the exploration records indicate that." 
• Assuming that the guy knows what he is talking about - this would be historic! On the other hand, this could be like the Peak Oil prognostications of the 1980s. So perhaps all gold miners must do is, copy oil drillers, and drill sideways. (joke) Or perhaps he is  just talking his book.

 

• The Conference Board Consumer Confidence Index® increased in September, after declining in August. The Index now stands at 101.8 (1985=100), up from 86.3 in August.
• As usual they didn’t ask me, but what are these people drinking or smoking?

 Really good question - please post the answer.

World leaders pledge to halt Earth’s destruction ahead of UN summit

 

• Sorry, no updates currently, way too busy reading about Trumps Taxes.

 

    Bloomberg: Jeffrey Gundlach The DoubleLine Capital chief executive    officer tweeted an invitation for real estate agents in “low tax, well governed” U.S. states to call him, as he openly pondered leaving his Los Angeles base.                          

(Great, more room for us! One could get a little annoyed with these self-centered, greedy, never ever enough people that are sponging off 100’s of years of innovation and infrastructure, invented and built by others before them. And then complain about a max marginal tax rate of 12.3%)

• Biden Plan Will Create 7 Million More Jobs Than Trump
• Moody’s Analytics, an economic-research firm, has published an economic forecast weighing the effects of Joe Biden and Donald Trump’s proposals. It finds Biden’s plan would produce dramatically faster job growth and higher wages for most workers.