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OptionEye Macro Outlook April 10th

Good morning. 

 

Overnight grains see corn steady easier, beans up almost 5 and wheat sharply unchanged. 

 

The dollar continued to strengthen last week and this morning trades at 101.18 which is basically unchanged from Friday. 

 

The stock market will open higher with the S&P future currently up 1.75 points and the Dow future up 13 points. 

 

The 10 year yield creeping higher again after the events of last week drove yields lower. This morning the 10 year yield trades at 2.37%. 

 

The oil market still finding strength from the risks abroad. This morning oil trades at $52.60 up .36 cents. 

 

Today we get the Labor Market Conditions Index and will debate Friday's bad jobs number as well as our new foreign policy.