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Senior Contributor

OptionEye Macro Outlook March 22nd

Good morning. 


Overnight sees corn up 2, beans up 2 and wheat up 4 to 5. 


The dollar is steady to a bit weaker at 89.71 down .06. 


The stock market looks vulnerable as trade war talk does the rounds with the S&P future down 18 and the Dow future down 177 - even after the Fed raised rates as expected yesterday. 


The 10 year yield is lower at 2.85% after having traded up over 2.90% last night. 


The crude market is strong after yesterday's unexpected draw in inventories and trades at $64.96 down .21 cents. The gold market is a little lower after rallying and stands at $1330.79 down $1.66. 


Today we get Initial Jobless Claims, Continuing Claims, the FHFA House Price Index, the Bloomberg Economic Expectations Index, the Bloomberg Consumer Comfort Index, Markit US PMI's, the Leading Index and the Kansas City Fed Manufacturing Activity Index. 

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