Senior Contributor
Posts: 1,623
Registered: ‎05-03-2010

OptionEye Macro Outlook Aug 10th

Good morning. 


Overnight sees corn steady to a bit easier, beans up 4 to 5 and wheat down about 1. 


The dollar is clawing back at 93.75 up .21. 


The stock market is a little lower this morning with the S&P future down over 8 points and the Dow future down 38 points. Feels very similar to yesterday's open. 


The 10 year yield is trading at 2.23%. 


Crude oil staying under the radar and under $50. This morning it trades at $49.89 up .33 cents. Gold continues a bit higher at $1278.88 up $1.54. 


Today we get Initial Jobless Claims, Continuing Claims, PPI, the Bloomberg Consumer Comfort Index and the Monthly Budget Statement.