OptionEye Macro Outlook February 17th
Overnight sees corn 3 to 4 lower, beans 9 to 10 lower and wheat 3 to 4 lower.
The rhetoric - everywhere - coming thick and fast .The dollar is a tad stronger at 100.71 up .27.
This morning we see rates trading lower with the 10 year yield trading at 2.41% this morning after making a bid to break out of the 2.50% ceiling. Seems a difficult task as of late.
The stock market will open lower this morning with the S&P future lower by over 7 points early and the Dow future down 62 points.
The crude oil market is lower at $53.03 down .33 cents and gold is a bit higher at $1241.75 up $2.65 .
Today we get the Leading Index and will replay yesterday's press conference over and over again.