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Registered: ‎05-03-2010
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OptionEye Macro Outlook February 9th

Good morning. 

 

WASDE presented no real surprises. Overnight sees corn down 2, beans down 4 and wheat down 5. 

 

The dollar is a little higher at 90.44 up .21.

 

The stock market fell out of bed yesterday and is mixed a bit this morning. The S&P future is up 2 points while the Dow future is down 27. 

 

The 10 year yield continues to get the headlines and trades at 2.82%.

 

The crude oil market is lower at $60.47 down .68 cents and the gold market is stuck like a deer in the headlights - currently it trades at $1316.18 down $2.58. 

 

Today we get Wholesale Inventories and Trade Sales. 

 

Having a great weekend.