Senior Contributor
Posts: 1,605
Registered: ‎05-03-2010

OptionEye Macro Outlook February 7th

Good morning. 


A quiet one overnight with corn steady to a little easier, beans down 1 and wheat down 1 as well. The dollar is stronger and on a quiet day could be a headwind. It currently trades at 100.57 which is up .66.


Stocks will opne a little higher this morning with the S&p future up 7 points and the Dow future up 69 points. 


The 10 year yield sits at 2.42% after falling yesterday. It still is struggling to break out of the 2.37%-2.50% range. 


The  oil market is a little lower at $52.79 down .22 cents. The gold market is lower as well at $1230.83 down $4.58. 


Today we get the Trade Balance and Consumer Credit. 


The trade will squaring up getting ready for the supply/demand report on Wednesday.