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ShelladyOptions
Senior Contributor

OptionEye Macro Outlook April 30th

Good morning. 

 

Sop far today we see corn up 4, beans up 4 as well and wheat up over 9. 

 

The dollar is continuing to stay strong at 91.88 up .34. 

 

The stock market is trading higher this morning following in the steps of the European Bourses. The S&P is up over 10 points and the Dow is up 162. 

 

The 10 year yield backing off that 3.00% level to 2.95%. 

 

The crude oil market stands at $67.74 down .36 cents while gold continues its struggles at $1315.80 down $7.55. 

 

Today we had Personal Income come in a bit lighter than expected while Personal Spending was bang  in line. PCE came in as expected as well while the Chicago Purchasing Managers Index disappointed a tad at 57.6 vs an expectation of 58. Pending Home Sales also came in short at up .4% vs an expectation of up .7%. Pending Home Sales were down 4.4% and we will soon get the Dallas Fed Manufacturing Activity Index. 

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