OptionEye Macro Outlook February 2nd
Overnight sees corn down 1, beans down 5 and wheat 3.
The dollar is a bit higher but still weak at 88.87 up .20 on the day.
The stock market taking another hit as interest rates edge higher. The S&P future is down over 20 points and the Dow future off 266.
The 10 year yield making a run at 2.80% this morning and trades at 2.796%.
The crude oil market is pretty flat at $65.84 up .04 cents. The gold market is a bit easier at $1344.69 down $4.01
Today we get Non Farm Payrolls, the Unemployment Rate, Average Hourly Earnings, the Labor Force Participation Rate and the University of Michigan Sentiment Indices.