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OptionEye Macro Outlook July 13th

Good morning. 

 

The overnight grain trade sees corn down 3 cents, beans down 18 cents and wheat down 10. 

 

The dollar is basically unchanged at 95.73. 

 

The stock market is a bit higher with the S&P future up over 4 points and the Dow future up 21.

 

The 10 year yield continues to slide and trades at 2.30%.

 

The crude oil market is lower again today at $45.23 down .26 cents. Gold staying out of the headlines at $1223.01 up $2.53. 

 

Today we get Initial Jobless Claims, Continuing Claims, PPI, the Bloomberg Consumer Comfort Index and the Monthly Budget Statement.