OptionEye Macro Outlook January 18th.
Good morning .
It is all about the weather and all about the dollar.
This morning corn is steady better, beans are 3 t o4 lower and wheat is steady better.
Stocks want to open higher this morning with the S&P future up by almost a point and the Dow future up by 3 .
The dollar is a little stronger after its recent slide at 100.79 up .39.
The 10 year yield kind of stuck at 2.35%.
Oil approaching that psychological level of $50.00 and trades at $51.68 down .80 cents. Gold is a little lower at $1213.78 down $3.22.
Today we get MBA Mortgage Applications ,CPI, Industrial Production and Capacity Utilization.