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Senior Contributor

OptionEye Macro Outlook Mar. 10th

Good morning. 


Overnight grains see corn a little easier down about a penny, beans down 1 to 2 and wheat steady easier. Yesterday's crop report saw no surprises so now we sit and wait for the acres numbers at the end of the month. 


Stocks look to open a bit higher this morning with the S&P future up over 9 points and the Dow future up 62 points. 


Gold is a little lower by $3.73 to $1249.48. Oil is basically unchanged at $38.16 down .13 cents. 


The 10 year yield is at 1.86% as we await the ECB's latest movements this morning. 


The dollar is treading water at 97.34 up .17. 


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



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