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Senior Contributor

OptionEye Macro Outlook May 22nd

Good morning. 


Overnight sees corn up 2 to 3, beans up 2 to 3 and wheat up over 8 cents this morning. 


The dollar is a tad weaker at 93.39 down .28. 


The stock market was on a tear yesterday and looks to continue that move this morning with the S&P up almost 5 points and the Dow future up 51. 


The 10 year yield stands at 3.07%. 


The crude oil market is a bit higher at $72.42 up .18 cents. The gold market can't really catch a break at $1293.88 up $1.28. 


Today we get the Richmond Fed Manufacturing Index. 

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