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Senior Contributor

OptionEye Global Macro Outlook March 7th

Good morning. 

 

Overnight sees corn steady to a bit easier, beans down 2 and wheat down 4. 

 

The dollar is a tad easier at 89.54 down .07. 

 

Equities were rocked by the resignation of Gary Cohn last night. Currently the S&P future is down 26 points and the Dow future down 311. 

 

The 10 year yield stands at 2.85%. 

 

The crude oil market a bit lower at $61.95 down .65 cents. Gold is quiet at $1332.71 down $1.94. 

 

Today we get MBA Mortgage Applications, ADP Employment Change, Nonfarm Productivity, Unit Labour Costs, the Trade Balance, the Beige Book and Consumer Credit. 

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