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Senior Contributor

OptionEye Global Macro Outlook January 10th

Good morning. 


Overnight sees corn unchanged, beans down 4 and wheat steady to a bit easier. 


The dollar is quiet and a bit weaker at 92.42 down .10. 


The stock market so far is lower with the S&P future lower by almost 5 points and the Dow future lower by 40. 


The 10 year yield is moving higher at 2.54%. This will weigh on stocks. 


The crude oil market is higher at $63.38 up .42 cents and gold is up at $116.70 up $3.92. 


Today we get MBA Mortgage Applications, the Import Price Index, the Export Price Index, Wholesale Inventories and Wholesale Trade Sales. 

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