08-16-2016 06:38 AM
OptionEye Macro Outlook August 16th
Corn and soybean conditions unchanged from last week. Overnight corn up 1, beans unchanged and wheat down 3.
Crude oil up again at $45.95 up .21 cents and still the darling of August. Gold also a stalwart upat $1352.98 up $13.53.
The 10 year moving around a bit but not really going anywhere. This morning the 10 year yield sits at 1.53%.
Stocks are setting the most uncelebrated all time highs and this morning look to open a tad lower. The S&P future is lower by 2 points and the Dow future is lower by 22 points.
The dollar is at 94.66 down .96. This should be supportive to commodities today. Not just gold.
Today we get Housing Starts, Building Permits, CPI, Industrial Production and Capacity Utilization.