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Senior Contributor

OptionEye Macro Outlook August 24th

Good morning. 


Overnight markets see corn down 2, beans down 8 and wheat down 3. Not a particularly great start to the day. 


The dollar is just a little bit  higher at 94.66 which is up .12.


The 10 year yield is stuck at 1.55%. Stocks look to be flat to a little higher but still eerily quiet. The S&P future is up 1 point and the Dow future up 4 points. 


Crude oil is a bit lower this morning as we look for bullish news. Currently WTI is at $47.30 down .80 cents. Gold is very quiet at $1338.01 up .45 cents. 


Today we get MBA Mortgage Applications, FHFA House Price Index and Existing Home Sales.  





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