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Senior Contributor

OptionEye Macro Outlook May 24th

Good morning.


Overnight sees corn up almost 3, beans up 8 and wheat up 9 - a good start to the day. 


The dollar is a little weaker at 93.83 down .16. 


The stock market looks to open a little lower with the S&P future down 2.5 points and the Dow future down 34. 


The 10 year yield stands at around that 3.00% at 2.99%. 


The crude oil market trades at $70.98 down .86 cents. Gold  is making a little comeback and trades just below $1300 at $1296.30 up $2.91. 


Today we get Initial Jobless Claims, Continuing Claims, the House Price Purchase Index, the FHFA House Price Index, the Bloomberg Consumer Comfort Index, Existing Home Sales and the Kansas City Fed Manufacturing Activity Index. 

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