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OptionEye Macro Outlook February 17th

[ Edited ]

Good morning. 

 

Overnight sees corn 3 to 4 lower, beans 9 to 10 lower and wheat 3 to 4 lower. 

 

The rhetoric - everywhere - coming thick and fast .The dollar is a tad stronger at 100.71 up .27. 

 

This morning we see rates trading lower with the 10 year yield trading at 2.41% this morning after making a bid to break out of the 2.50% ceiling. Seems a difficult task as of late. 

 

The stock market will open lower this morning with the S&P future lower by over 7 points early and the Dow future down 62 points. 

 

The crude oil market is lower at $53.03 down .33 cents and gold is a bit higher at $1241.75 up $2.65 .

 

Today we get the Leading Index and will replay yesterday's press conference over and over again.