The Eurodollar curve has spreads steepening with the pivot point of the curve moving out from June 2005 to September 2005. The market moved this pivot in when Janet Yellen suggested the Fed might start raising rates six months after the end of tapering.
Equity markets are extremely overvalued with the median stock even richer now on a price/revenue basis than at the 2000 peak. Stocks are not only overvalued, but they are trading here on record profit margins.
Going into the January 2014 USDA report, the talk in the corn market was of 2013 corn production being revised higher, stagnating demand, and U.S. corn ending stocks coming in near a comfortable 2 billion bushels.