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Senior Contributor

OptionEye Macro Outlook January 4th

Good morning. 


Overnight has corn steady to a bit easier, beans down 1 to 2 and wheat down 1 to 2 as well. 


The dollar is a little weaker at 91.97 down .18. 


The stock market is rallying after the good ADP jobs number of 250k vs expectations of 190k. The S&P future is up 6.25 and the Dow future is up 93. 


The 10 year yield stands at 2.47% after that good jobs number. 


The crude oil market trades at $61.82 which is up .19. The gold market is higher but quiet at $1316.50 up $3.30. 


Today we get Initial Jobless Claims, Continuing Claims, Markit US PMI and the Bloomberg Consumer Comfort Index. 

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