OptionEye Macro Outlook March 8th
Report day. Beans at a one year high, corn and wheat at 7 year highs. Funds long. We shall see.
Overnight sees corn down a penny, beans down 7 and wheat down 2. Buckle up.
The stock market is mixed this morning with the S&P future up almost 4 points and the Dow future down 12.
The 10 year yield stands at 2.88% and is quiet in front of non-farm tomorrow.
The crude oil market is lower at $6103 down .12 cents and gold is quiet at $1324.79 down .73 cents.
Today we get the Challenger Job Cuts, Initial Jobless Claims, Continuing Claims, the Bloomberg Consumer Comfort Index and the Household Change in Net Worth.