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Senior Contributor

OptionEye - Macro Outlook - Aug 18th

Good morning. 


Good rains running through the midwest last night and the this morning. Corn steady to better, beans down 6 and wheat down 1. 


Overnight crop conditions not shocking. Beans unchanged and corn down 1%. 


Stocks are lower as well after yesterday's lackluster day. The S & P pointing to a lower opening by about 5 points. The 10 year yield is at 2.16% with virtually no real change from yesterday. 


Oil is down again to $41.58 down .29 and gold is up $2.24 to $1119.95. 


The dollar is unchanged at 96.80. 


Today we get Housing Starts and Building Permits. Hopefully they can off set the bad Empire Manufacturing number we got yesterday. 

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