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Senior Contributor

OptioinEye Global Macro Outlook - March 9th

Good morning.

 

Nothing too shocking from the USDA yesterday. I think we now watch how the funds handle the data.

 

Overnight sees corn down 1, beans down 10 and wheat down 4. Not a good start to the end of the week.

 

The dollar is quiet at 90.20 up .02.

 

The stock market looks to be quiet as we await nonfarm and wage numbers. The S&P future is steady and the Dow future is up 14.

 

The 10 year yield trades at 2.87%.

 

The crude oil market trades at $60.68 up .56 cents and gold is still quiet at $1320.03 down $1.94.

 

Today is jobs Friday as we get the Change in Nonfarm Payrolls, the Unemployment Rate, Average Hourly Earnings, the Labor Force Participation Rate and Wholesale Inventories.

 

Lots to get through.

 

Have a great weekend.

 

 

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