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Senior Contributor
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Registered: ‎05-03-2010
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OptionEye Macro Outlook Aug 4th

Good morning. 

 

Overnight sees corn quietly up 1, beans down 3 and wheat down almost 1. 

 

The dollar is weak and trades at 92.74 down .09. 

 

The stock market will open a little better before the jobs numbers. The S&P future is up 1.50 points and the Dow future is up 33 points. 

 

The 10 year yield is a bit lower at 2.22%. 

 

The oil market is lower at $48.65 down .38. Gold is quiet and a bit higher at $1269.29 up .78 cents. 

 

Today is 'Job's Friday'. 

 

We get the Unemployment Rate, the Change in Non Farm Payrolls, Average Earnings and the Trade Balance. 

 

Have a great weekend.