01-25-2016 06:20 AM
OptionEye Macro Outlook - Jan. 24th
For those on the East Coast, I hope you have shoveled your way out and are happily at your work desk. Must have been an experience for sure.
Overnight corn down almost 1 cent, beans down 1-2 cents and wheat up 3.
Looks like we are back to business as usual after Friday's rally in oil and stocks. Stocks are off with the S&P lower by almost 3 points and the Dow future down by 38 points. Still, things look pretty quiet so far.
The 10 year above 2.00% at 2.03% and the oil market is a little lower to $31.18 down $1.01.
Gold is up and over $1100 at $1105.30 up $7.30.
Today we get the Dallas Fed Manufacturing Activity but more importantly we have the FOMC later in the week.