OptionEye Macro Outlook Dec. 10th
Well, yesterday's WASDE didn't have any massive surprises in it and the settles showed. Other than a little short covering in wheat it was a pretty ho hum report. Overnight corn up 1, beans down 1 and wheat down 3.
Stocks will open higher this morning with the S&P future up 8 and the Dow future up 47.
Oil still at the center stage and is up just .10 cents this morning at $37.26. Gold is up a tad as well to $1074.13 up $1.35.
The 10 year yield is hovering again at 2.22% waiting for the Fed to move next week.
Today we get the Import Price Index, Initial Jobless Claims, Continuing Claims, Bloomberg Consumer Comfort Index and the Monthly Budget Statement.