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Senior Contributor

OptionEye Macro Outlook January 26th

Good morning. 


Overnight sees corn steady to a bit better, beans a penny lower and wheat up 1 to 2. 


The dollar which has been the main story so far this year outside of the equity markets, is weaker again at 88.87 down .51. 


The stock market looks to open an higher (yawn) with the S&P future up 7.50 points and the Dow future up 56.


The crude oil market is quiet at $65.64 up .13 with the gold market up a tad at $1353.88 up $5.86. 


Today we get Advance Goods Trade Balance, Wholesale Inventories, Retail Inventories, GDP, Personal Consumption, Core PCE, Durable Goods and Capital Goods. 


Have a great weekend. 


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