OptionEye Macro Outlook January 4th
Overnight corn unchanged, beans steady better and wheat 1 to 2 lower.
The 10 year saw a decent move lower in yield yesterday and sits at 2.46%.
Oil too was a big mover after seeing new highs hit the skids after news of more Libyan oil and more US production. This morning it stands at $52.71 up .38 cents.
Stocks are going to open higher again this morning with the S&P future up over 4 points and the Dow future up 32.
The dollar is slightly weaker at 103.01 down .20.
Gold is getting a small boost at $1165.40 up $6.61.
Today we get MBA Mortgage Applications, FOMC Minutes and Wards Total Vehicle Sales.