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ShelladyOptions
Senior Contributor

OptionEye Macro Outlook - Dec. 9th

Good morning.

 

Overnight corn is up 2, beans are 4 and wheat is up 4 as well.

 

The 10 year yield bouncing around that 2.20% level and currently stand at 2.23% as EVERYBODY awaits the Fed decision next week.

 

The stock market looks to open a little lower after yesterday's sell off. S&P futures are pointing to a 4 point lower opening and the Dow future is lower by 20 points.

 

The oil market stealing a lot of headlines and currently is up bt .16 cents to $37.67. Gold is up $3.38 to $1078.33.

 

The dollar is lower by .46 to 98.01.

 

Today we get MBA Mortgage Applications and Wholesale Inventories so it will be all about the oil today.

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