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Senior Contributor

OptionEye Global Macro Outlook May 14th.


The Good morning. 


Overnight sees corn down 1, beans up 3 and wheat down 4 to 5. 


The dollar is softer this morning at 92.32 down .21. 


The stock market wants to open higher this morning as the SP future is up over 4 points and the Dow future is up 64.


The 10 year yield trades at 2.98% still hanging around that 3.00% level. 


Crude oil stands at $70.60 down .10 cents and gold is quiet at $1319.1 up $1.41. 


Today we get the Empire Manufacturing numbers, Retail Sales, Business Inventories, Total Net TIC Flows, Net Long-term TIC Flows, MBA Mortgage Applications, Housing Starts and Building Permits.

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