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Senior Contributor

OptionEye Global Macro Outlook April 25th

Good morning. 


Overnight sees corn up 2, beans up 5 and wheat up 3. 


The dollar is a bit stronger at 90.99 up .22. 


The stock market sold off hard yesterday after Caterpillar warned that the first quarter may be the high watermark of the year. The S&P future is down over 6 points and the Dow future is down 44. 


The 10 year yield is finally over 3% at 3.19%. 


The crude oil market is higher at $67.85 up .15 cents. Gold is lower at $1324.47 down $5.92. 


Today we get MBA Mortgage Applications. The day will be mostly about a 3.00 10 year yield and $3.00/gallon gas. 

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