05-08-2018 08:09 AM
OptionEye Global Macro Outlook May 8th
Overnight sees corn up 2, beans up 6 and wheat sharply unchanged.
The dollar is continuing to be strong and stands at 93.12 up .37.
The stock market looks to open quietly lower with the S&P future down 4 points and the Dow down 26.
The 10 year yield stands at 2.96%.
Crude oil is trying to hang on to $70 and trades at $70.11 down .62 cents. The gold market is also trying to hang on to $1300 and trades at $1309.84 down $4.29.
Today we get the NFIB Small Business Optimism Index and the JOLTS Job Openings.