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.