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Senior Contributor

OptionEye Global Macro Outlook November 29th

Good morning. 

 

Overnight sees corn sharply unchanged, beans 2 to 3 cents lower and wheat 1 to 2 cents better. 

 

The dollar is quiet at 93.12 down .14. 

 

The stock market was strong yesterday and looks to open steady this morning with the S&P future basically unchanged this morning and the Dow future up 43. Nothing seems to spook this market - not even missiles fired near Japan. The VIX is still sub 10.00 at 9.98.

 

The 10 year yield stands at 2.33% and hasn't moved significantly in the last few days. 

 

The crude oil market is a bit lower again at $57.57 down .42 cents while gold is quiet at $1294.53 up .56 cents. 

 

Today we get MBA Mortgage Applications, GDP, Personal Consumption, Pending Home Sales and the Federal Reserve Beige Book. 

 

 

 

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