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Senior Contributor

OptionEye Global Macro Outlook December the 12th

Good morning. 

 

Overnight sees corn steady to a bit better, beans steady to a bit easier and wheat up 2. 

 

The dollar is pretty quiet at 93.83 down .03. 

 

The stock market looks to open a shade better but very quiet in front of the Fed tomorrow. This morning sees the S&P future up .50 of a point and the Dow future up 11. 

 

The 10 year yield is inching higher at 2.38%. 

 

The crude oil market is up at $58.27 up .28 cents. The gold market is a little higher at $1243.24 up $1.30. 

 

Today we get the NFIB Small Business Optimism, PPI and the Monthly Budget Statement. 

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