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

Good morning. 

 

Well, we got the crop report out of the way...no real surprises but nothing real bullish either. Market grinds lower. Overnight corn is down 1, beans are down 5 with May approaching the $10 level and wheat is down a penny as well. 

 

The dollar is basically unchanged at 101.84 down .01. 

 

The 10 year yield making headlines as it trades at 2.604%. We shall see what the jobs number does to yields this morning. 

 

Stocks will open higher as the S&P future is up 8 and the Dow future is up 67. 

 

The oil market also making headlines but for all the wrong reasons. This morning it trades at $49.56 up .28 cents. Gold is a little lower at $1198.27 down $2.90.

 

Today we get Non-Farm Payrolls, the Unemployment Rate, Average Hourly Earnings and the Monthly Budget Statement. 

 

Have a great weekend.