03-06-2017 06:37 AM
OptionEye Macro Outlook March 6th.
Overnight sees corn up 1, beans up 3 to 4 and wheat up 6. A pretty good start to the week.
The dollar is slightly stronger at 101.63 up .09.
The stock market will open lower this morning with the S&P off almost 6 points and the Dow future lower by 24 points.
The 10 year yield trades at 2.47% after having made a run at breaking through that 2.50% level which is proving pretty hard to get through.
The oil market trades at $52.97 down .36 cents. Gold is lower but quiet at $1232.05 down $2.50.
Today we get Factory Orders, Durable Goods and Capital Goods - not to mention more speculation on the Russians and Trump Tower bugging.