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Senior Contributor

OptionEye Macro Outlook May 3rd.

Good morning. 


Overnight sees corn down 1, beans up 1 and wheat down 4. 


The dollar is still strong at 92.40 down .11.


The stock market is looking for a better start this morning with the S&P future up almost 6 points and the Dow future up 50. 


The 10 year yield trades at 2.96. 


The crude oil market is a bit higher at $68.11 up .18 cents and the gold trade is higher as well at $1308.80 up $3.86.


Today we get the Challenger Job Cuts, Non-farm Productivity, Unit Labor Costs, Initial Jobless Claims, Continuing Claims, the Trade Balance, the Bloomberg Consumer Comfort Index, Markit US PMI's, ISM, Durable Goods, Capital Goods and Factory Orders.


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