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Senior Contributor

OptionEye Macro Outlook December 8th

Good morning. 

 

Overnight sees corn is 1 to 2 better, beans 2 to 3 better and wheat 1 to 2 better. 

 

The dollar is approaching that 94 level and trades at 93.99 up .20. 

 

The stock market looks to open a bit better with futures pointing to a higher open. The s&P future is up almost 6 points  and the Dow future up 45. 

 

The 10 year yield stands at 2.38% making a move towards that all important 2.40% level. 

 

The crude oil market is up at $57.03 up .34 cents and the gold market is lower again at $1245.97 down $1.31. 

 

Today we get Nonfarm Payrolls, the Unemployment Rate, Average Hourly Earnings, the Labor Force Participation Rate, Wholesale Inventories and the University of Michigan Sentiment Survey. 

 

Have a great weekend.  

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