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Senior Contributor

OptionEye Macro Outlook July 27th

Good morning. 

 

Overnight sees corn up 2 to 3 cents, beans up just over 5 cents and wheat up 4 to 5 cents. 

 

The dollar is weaker again at 93.61 down .05 after yesterday's Fed announcement. 

 

The 10 year yield trading at 2.29%.

 

The stock market will open higher yet again with the S&P future up 4 points and the Dow future up 20. 

 

The crude  market still trading a bit higher at $48.78 up .03 cents and the gold quietly trading at $1262.85 up $2.30. 

 

Today we get Initial Jobless Claims, Continuing Claims, Durable Goods, Capital Goods, Wholesale Inventories, the Chicago Fed National Activity Index and the Bloomberg Consumer Comfort Index. Got to love the indicators that come out on Thursday's. 

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