OptionEye Macro Outlook May 8th
Overnight sees the grain market a little lower with corn off 1 cent, beans lower by 3 to 4 cents and wheat lower by 4 cents as well.
The dollar is a little stronger but in the scheme things is still weak at 98.97 up .32.
The 10 year yield still stuck in the mud at 2.33%.
The stock market will open lower after having been higher overnight with the S&P future down 3 points and the Dow future down 30 points.
The crude oil market still is weak and trades at $46.19 down .02 cents and the gold market is up at $1234.05 up $12.45.
Today we will be watching the fall out from the French presidential elections in which Macron won pretty handily.