OptionEye Global Macro Outlook November 15th
Overnight sees corn steady to a bit better, beans up 4 and wheat down 1 to 2.
The dollar is a bit weaker to 93.57 down .25.
The stock market looks to open lower with the S&P future off 11.5 points and the Dow future down 113. So far the culprit is the sell off in oil.
Crude oil slid by $3 yesterday and is lower again today at $55.05 down .65. Gold not really panicking at $1285.50 up $5.10.
The 10 year yield having made another run at 2.40% fails again and trades back down at 2.34%.
Today we get MBA Mortgage Applications, the CPI numbers, Real Average Earnings, the Empire Manufacturing numbers, Retail Sales and Business Inventories.