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Senior Contributor

OptionEye Macro Outlook May 18th

Good morning. 

 

Overnight sees corn up almost 5, beans up 6 to 7 and wheat up over 7. 

 

The dollar is a tad stronger at 93.57 up .10. 

 

The stock market looks to open a bit better with the S&P future unchanged and the Dow future up 43. 

 

The 10 year yield stands at 3.10%.

 

Crude hitting the headlines as Brent trades over $80. The WTI contract stands at $71.52 up .03 cents while gold is a bit easier at $1287.72 down $3.03. 

 

Today is an indicator free day so all eyes focused on EM and Italy. 

 

Have a great weekend. 

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