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Senior Contributor

OptionEye Global Macro Outlook December the 28th

Good morning. 


Overnight sees corn steady to a bit easier, beans 3 lower and wheat 1 to 2 lower. 


The dollar is weaker at 92.69 down .32. 


The 10 year yield coming in a bit yesterday to 2.43%. 


The stock market will be a bit higher this morning as the S&P future trades up 1.50 points and the Dow future trades up 29. Things have been predictably quiet as of late. 


The crude oil market has been strong and trades at $59.76 up .12 cents. Gold making another run at $1300 as it trades at $1293.24 up $5.94.


Today we get the Advance Goods Trade Balance, Wholesale Inventories, Retail Inventories, Initial Jobless Claims, Continuing Claims, the Chicago Purchasing Managers Index and the Bloomberg Consumer Comfort Index. 

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