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OptionEye Macro Outlook May 21st

[ Edited ]

Good morning. 

 

Overnight sees corn up 3 to 4, beans up 17 and wheat up 4. 

 

The dollar is moving towards 94 at 93.89 up .25. 

 

The stock market is looking to open higher with the China trade war on hold. The S&P future is up 15.5 points and the Dow future is up 224. 

 

The 10 year yield trades in to 3.07%. 

 

The crude oil market is quiet but strong at $71.44 up .16 cents while gold is lagging at $1285.78 down $6.82. 

 

Today we get the Chicago Fed Nat Activity Index. 

 

Congrats Harry and Megan.