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Senior Contributor

OptionEye Macro Outlook December 20th

Good morning. 


Overnight, getting a little quieter as we approach the holiday weekend. 


Corn is down 1, beans are melting down 9 and wheat is down 1. 


The 10 year yield settling in around 2.55% at 2.56% as we digest Yellen's comments and the world events. 


Stocks are set to open higher today as we approach 20k in the Dow. The S&P future is up 5 points and the Dow future is up 36  points. 


The dollar is powering ahead, aided by the global craziness. This morning it trades at 103.41 which is up .27. 


The oil market squeezing higher this morning at $52.37 up .25 cents and gold is at $1131.03 down $6.87. 


Today we get MBA Mortgage Applications and Existing Home Sales. 




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Senior Reader

Re: OptionEye Macro Outlook December 20th

Scott do you have any thoughts on whether the burgeoning league of Chinese hedge funds are amplifying the price swings like we saw on Tuesday 12.20.2016 in the major row crops?

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