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Senior Contributor
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Registered: ‎05-03-2010
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OptionEye Macro Outlook Aug. 7th

Good morning. 

 

Currently the overnight session sees corn up 2 cents, beans up 5 ans wheat up 1 to 2. 

 

The stock market will open a bit higher again with the S&P future up 3 points and the Dow future up 38 points. It's groundhog day.....

 

The dollar is lower today but a big stronger than in the last few days and trades at 93.36 down .17 .

 

The 10 year yield sits at 2.27% getting no real movement form the non-farm payroll numbers we got on Friday. 

 

The crude oil market trades at $49.00 down .58 cents and gold is quiet at $1257.91 down .86 cents. 

 

Today we get Consumer Credit numbers. 

 

Welcome back.