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Senior Contributor

OptionEye - Macro Outlook - Aug 7th

Good  morning. 


Overnight grians see corn unchanged, beans up 3-4 and wheat up 2. 


Non-farm out and missed by just a little. 215k vs 225k expected. The 10 year sells off a little with the yield moving up from 2.21% to 2.24%. Stocks selling off as well with the jobs news with the S & P going down about 6 points from and earlier 3 point decline. 


Oil is lower by .30 cents to $44.36 and gold is lower as well to $1085.43 down $4.12. 


The dollar is a little weaker to 97.69 to .13. 


Unemployment stays at 5.3% and average hourly earnings is still low as well at 2.1%. 


Have a great weekend. 




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