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Senior Contributor

OptionEye Global Macro Outlook February 26th

Good morning. 

 

Overnight sees corn up 2, beans up 7 and wheat up 6. We should have more Monday's like this!

 

The dollar is a bit weaker at 89.56 down .31. 

 

The stock market likes it and looks to open better as it has traded higher all morning. The S&P future is up over 10 points and the Dow future is up 165.

 

The 10 year yield stands at 2.86% after having made an attempt at 3.00% and failing at 2.95%. 

 

The crude oil market is basically unchanged at $63.53 down .02 cents. The gold market is higher at $1339.07 up $10.32. 

 

Today we get the Chicago Fed National Activity Index, New Home Sales and the Dallas Fed Manufacturing Activity Index. 

 

Buckle up. 

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