OptionEye Macro Outlook May 18th
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.