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OptionEye Macro Outlook April 18th

Good morning. 

 

Overnight sees corn steady to a little better, beans down 4 and wheat up 1.

 

The dollar is weaker this morning and trades at 100.08 which is down .21 .

 

The 10 year yield still trading nervously at 2.23%. A flight to quality and a sign of a weak economy will keep yields under pressure. 

 

The stock market wants to open a little lower with the S&P future trading 5 points lower and the Dow future trading 12 lower. 

 

Oil is a little lower at $52.19 down .46 cents and gold is pretty much unchanged at $1284.95 down .26 cents. 

 

Today we get Housing Starts, Building Permits, Industrial Production and Capacity Utilization.