OptionEye Macro Outlook July 19th
Overnight is sees corn up 5, beans up 4 and wheat up 2.
The dollar is still cheap at 94.79 up .18.
The stock market just keeps ignoring the train wreck in Washington and this morning will open mixed again with the S&P future up almost 2 points and the Dow future down 9.
The 10 year yield making a good move yesterday and trades at 2.27% this morning after having made a decent run at 2.42%, the old high. The US economic numbers continue to stink.
The oil market getting a breather and is not on the front pages anymore and this morning trades at $46.55 up .15 cents and gold coming in a little lower at $1240.31 down $3.75.
Today we get MBA Mortgage Applications, Housing Starts and Building Permits.