OptionEye Macro Outlook February 27th
This morning sees corn about a half penny better, beans about 2 cents higher and wheat is 3 lower.
The stock market will open a bit lower this morning with the S&P future currently steady to a half point lower and the Dow future is 4 points lower.
The 10 year yield finally breaking out to the downside as bonds rally in defiance of an impending rate hike. This morning the 10 year yield trades at 2.32%.
The oil market is threatening the $55 level at $54.42 up .43 cents. Gold is lower at $1254.69 down $2.46.
Today we get Durable Goods, Capital Goods, Pending Home Sales and the Dallas Fed Manufacturing Activity Index.