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Senior Contributor

OptionEye Macro Outlook July 21st.

Good morning. 

 

Overnight corn slides lower by 5 cents, beans lower by 6 to 7 cents and wheat bucking the trend steady to a bit better. 

 

The US dollar really stinking the place up and trades at 94.11 down .19.

 

The stock market will open a bit lower with the S&P future backing off around 1.00 point and the Dow future down 28 points. 

 

The 10 year yield is stuck at 2.23% this morning. 

 

The oil market is lower at $46.65 down .27 cents. The gold market trades at $1248.02 up $3.54. 

 

Today we get Markit US PMI's and Exiting Home Sales.

 

Have a great weekend. 

 

 

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