02-26-2018 04:32 AM
OptionEye Global Macro Outlook February 26th
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.