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Senior Contributor

OptionEye Macro Outlook April 18th

Good morning. 


Overnight sees corn steady to a little better, beans down 4 and wheat up 1.


The dollar is weaker this morning and trades at 100.08 which is down .21 .


The 10 year yield still trading nervously at 2.23%. A flight to quality and a sign of a weak economy will keep yields under pressure. 


The stock market wants to open a little lower with the S&P future trading 5 points lower and the Dow future trading 12 lower. 


Oil is a little lower at $52.19 down .46 cents and gold is pretty much unchanged at $1284.95 down .26 cents. 


Today we get Housing Starts, Building Permits, Industrial Production and Capacity Utilization.




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