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Registered: ‎05-03-2010
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OptionEye Macro Outlook Aug 10th

Good morning. 

 

Overnight sees corn steady to a bit easier, beans up 4 to 5 and wheat down about 1. 

 

The dollar is clawing back at 93.75 up .21. 

 

The stock market is a little lower this morning with the S&P future down over 8 points and the Dow future down 38 points. Feels very similar to yesterday's open. 

 

The 10 year yield is trading at 2.23%. 

 

Crude oil staying under the radar and under $50. This morning it trades at $49.89 up .33 cents. Gold continues a bit higher at $1278.88 up $1.54. 

 

Today we get Initial Jobless Claims, Continuing Claims, PPI, the Bloomberg Consumer Comfort Index and the Monthly Budget Statement.