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ShelladyOptions
Senior Contributor

OptionEye Macro Outlook Mar. 9th

Good morning. 

 

Grain report today. Not a ton of expectations and the headlines have not been kind. 

 

Overnight corn down 1, beans unchanged and wheat steady easier. Not a lot of movement before the numbers. 

 

The stock market still looking to open higher with the S&P future up over 10 points and the Dow future up almost 90 points. The ECB will come out tomorrow and the market may rally into it before Draghi disappoints. 

 

The gold market is a little lower by $5.90 to $1255.52. Oil is climbing back to $37.18 up .68 cents. 

 

The dollar is 97.34 up .13. 

 

Today we get MBA Mortgage Applications and Wholesale Inventories. It's all about the grain report and the ECB this week. 

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1 Reply
illinifarmer
Advisor

Re: OptionEye Macro Outlook Mar. 9th

Whoops wrong again but good guess
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