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Senior Contributor

OptionEye Macro Outlook March 21st

Good morning. 


Overnight sees corn steady to a bit lower, beans just over 3 better and wheat sharply unchanged. 


The dollar is a bit weaker at 90.13 down .23. 


The stock market looks to open a little lower with the S&P future down over 2 points and the Dow future down 27 points. 


The 10 year yield is just over 2.90% before the FOMC decision. 


The crude oil market is strong at $64.21 up .67 cents. The gold market is higher as well at $1315.18 up $3.88. 


Today we get MBA Mortgage Applications, the Current Account Balance, Existing Home Sales, and the FOMC Rate Decision.



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