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Senior Contributor

OptionEye Macro Outlook July 20th

Good morning. 

 

Overnight sees corn up 3 cents, beans up 7 to 8 and wheat down 3 cents. 

 

The dollar still stinks but not as much and has rallied .25 points to 95.03. 

 

The stock market will open a little higher this morning with the S&P future up almost 2 point and the Dow future up 15 points.  

 

The 10 year yield still showing signs of economic trouble as it trades at 2.26%.

 

The oil market recovering a bit at $47.15 up .03 cents. Gold is drifting at $1237.92 down $3.30. 

 

Today we get Initial Jobless Claims, Continuing Claims, the Philadelphia Business Outlook, the Bloomberg Consumer Comfort Index and the Leading Index. 

 

Stocks close from record high to another......

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