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Senior Contributor

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.

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