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ShelladyOptions
Senior Contributor

OptionEye Macro Outlook January 4th

Good morning.

 

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. 

 

 

 

 

 

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