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Senior Contributor

OptionEye Macro Outlook May 18th

Good morning. 


Overnight sees corn up 2 to 3, beans up 5 to 6 and wheat up 10. 


The dollar is higher at 93.48 up .09. 


This morning stocks look to open a bit lower with the S&P future down almost 6 points and the Dow future down 31. 


The 10 year yield now solidly above the 3.00% level at 3.10%. 


The crude oil market stands at $72.13 up .64 cents and gold trades at $1288.48 down $2.23.


Today we get Initial Jobless Claims, Continuing Claims, the Philly Fed Business Outlook, the Bloomberg Economic Expectations Index, the Bloomberg Consumer Comfort Index and the Leading Index. 

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