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ShelladyOptions
Senior Contributor

OptionEye Macro Outlook January 6th

Good morning. 

 

Overnight sees corn steady to 1 cent better, beans 4 to 5 lower and wheat steady to 1 better as well. 

 

The dollar is recovering from its recent slaughtering and trades at 101.74 up .22. 

 

The 10 year yield showing signs of nerves as it trades into 2.35% in front of the non-farm payroll number. 

 

The crude oil market is a bit higher, approaching $55 at $54.07 up .31 cents. Gold is a bit lower at $1176.46 down $3.85.

Stocks are a bit lower with the S&P future 2 points lower and the Dow future lower by 20. 

 

It's all about the non-farm payroll numbers. We also get the Trade Balance. the Unemployment Rate, Factory Orders and Durable Goods Orders. 

 

Have a great weekend. 

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