cancel
Showing results for 
Search instead for 
Did you mean: 
Senior Contributor

OptionEye Macro Outlook March 8th

Good morning.

 

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. 

0 Kudos