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Senior Contributor

OptionEye Macro Outlook February 21st

Good morning. 

 

Overnight sees corn up 1, beans up 4 to 5 and wheat down 1 to 2.

 

The dollar is pretty strong this morning with the DXY trading at 101.50 which is up .55.

 

The 10 year yield trading at 2.45% and still stuck in that range. 

 

The oil market starting to make some moves on breaking out of that $50 - $55 dollar range. This morning oil trades at $54.29 up .89 cents. The gold market is lower at $1230.68 down $7.82. 

 

Stocks will open up higher this morning with the S& future up over 5 points and the Dow future up 66 points. 

 

Today we get Markit US PMI's while we continue to dissect more of the administration's verbiage and tone. 

 

 

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