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Senior Contributor

OptionEye - Macro Outlook - Aug 19th

Good morning. 

 

Overnight grains see corn up 1-2, beans up 2-3 and wheat unchanged. 

 

Stocks look to open lower today as the S & P futures point to a loss of almost 5 points on the open. 

 

The 10 year yield trading like it is in the depths of August....cause we are. Currently it stands at 2.18% and looking rather listless. Today we get MBA Mortgage Applications, CPi and the FOMC Minutes from July 28-29. Maybe we get some movement out of those headlines. 

 

Oil is lower to $42.35 down .27 cents and quite. Gold is slightly higher again to $1121.40 up $3.61. 

 

The dollar is quiet as well and slightly easier by .10 to 96.93. 

 

Things have been very quiet and look to be that way again today. 

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