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Senior Contributor

OptionEye Macro Outlook - Jan. 12th

Good morning.

 

Crop report today.

 

Overnight things quiet going into the WASDE. Corn is unchanged, beans trying to be 1 higher and wheat is unchanged to a little easier.

 

The stock market looks to open higher with the S&P future is up over 11 points and the Dow future up 95 points.

 

The 10 year yield sits at 2.17%.

 

Oil still suffering and is lower this morning to $31.30 down .11. Gold is lower to $1092.03 down $2.16.

 

The dollar is just a little bit stronger at 98.93 up .20.

 

Besides the WASDE today not a lot on the docket.

 

 

 

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