OptionEye Macro Outlook March 3rd
Overnight sees corn down 1 cent, beans down 2 and wheat down 3 to 4.
The stock market is pretty quiet and looks to open steady this morning. The S&P future is lower by 3 points and the Dow future is unchanged.
The dollar has weakened a bit overnight taking a bit of a breather. This morning the dollar index stands at 101.94 down .26.
The 10 year yield is right at that 2.50% level. It will be interesting to see if we can break through and/or close higher.
The oil market not faring as well and still sits in the middle of its latest range. This morning oil trades at $52.74 up .13 cents. Gold is lower at $1227.06 down $7.25.
Today we get Markit US PMI's and ISM.
Have a great weekend.