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Senior Contributor

OptionEye - Macro Outlook - May 11th

Good morning. 

 

I hope everyone had a great mother's day weekend. 

 

Overnight corn was relatively unchanged, beans up 5 and wheat down a penny with wheat speculators the most bearish they have been on record as the Kansas drought begins to ease.

 

The 10 year yield is at 2.18% moving a bit higher this morning and still sorting through the jobs numbers from last Friday. The stock market is a little lower this morning even after a rate cut in China overnight. The S & P future is down 1 point in early trade. 

 

Oil is down .42 cents to $58.97 and gold is down $1.68 to $1186.70. 

 

The dollar is a tad stronger this morning at 95.08 up .29. 

 

Not a lot on the docket this morning with WASDE tomorrow, grains may be quiet. 

 

 

 

 

 

 

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Re: OptionEye - Macro Outlook - May 11th

So no worries on the cold weather on the winter wheat ????