OptionEye Macro Outlook Mar. 11th
Overnight corn catching a bit of a bid and trades 1 to 2 higher, beans 5 higher and wheat steady to a bit easier.
The stock market will follow Europe higher this morning as it reacts to more of the ECB's stimulus. The S&P future is up by more than 18 points and the Dow future is up by 144 points.
The 10 year yield showing tons of comfort signs this morning and has sold off to a yield of 1.95%.
Oil is a bit higher with stocks and is trading at $38.71 up .87 cents. Gold is off a bit early here to $1267.35 down $4.90.
The dollar is a bit stronger after yesterday's sell off and stands at 96.49 up .43.
As far as economic news goes we are a little thin on the ground with only the Import Price Index to look forward to. Other than that, have a great weekend.