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Registered: ‎05-03-2010
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OptionEye Macro Outlook March 6th.

Good morning. 

 

Overnight sees corn up 1, beans up 3 to 4 and wheat up 6. A pretty good start to the week. 

 

The dollar is slightly stronger at 101.63 up .09. 

 

The stock market will open lower this morning with the S&P off almost 6 points and the Dow future lower by 24 points. 

 

The 10 year yield trades at 2.47% after having made a run at breaking through that 2.50% level which is proving pretty hard to get through. 

 

The oil market trades at $52.97 down .36 cents. Gold is lower but quiet at $1232.05 down $2.50. 

 

Today we get Factory Orders, Durable Goods and Capital Goods - not to mention more speculation on the Russians and Trump Tower bugging.