OptionEye Global Macro Outlook May 2nd
Overnight sees corn down 1, beans 2 to 3 and wheat down 3.
The dollar is strong at 92.43 down .01.
The stock market is quiet for the day after May Day. The S&P future is steady to a half point better and the Dow future is down 21.
The 10 year yield is inching back higher again and stands at 2.97%.
The crude oil market is a bit higher at $67.57 up .32 cents. The gold market hanging on to $1300 and trades at $1309.90 up $5.99.
Today we get MBA Mortgage Applications, ADP Employment Change and the FOMC Rate Decision.