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Senior Contributor

OptionEye Macro Outlook January 23rd

Good morning. 


Overninght sees grains quiet and a little easier. Corn is steady easier, beans are off 6 to 7 cents and wheat is steady easier as well. 


The dollar is also a bit lower at 100.38 which is down .36. 


The 10 year yield backing up a bit as bonds rally this morning. Currently the yield on the 10 year is at 2.46%. 


The oil market is lower too at $52.61 down .61 cents with gold getting a little boost at $1213.97 up $3.39. 


Stocks will open a tad lower as the S&P future is 3 to 4 points lower in early trade and the Dow future is down 8. 


All quiet on the data front as the market digests the inauguration speech. 


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