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ShelladyOptions
Senior Contributor

OptionEye Macro Outlook May 9th

Good morning. 

 

Overnight sees corn slightly, beans down 2 and wheat 5.

 

The dollar is trading at 92.95 down .16. 

 

Stocks look to open higher with the S&P future up almost 7 points and the Dow future up 77. 

 

The 10 year yield stands at 3.00% even. 

 

The crude oil market is higher at $70.76 up $1.70. Gold trades at $1314.48 down .07 cents. 

 

Today we get MBA Mortgage Applications, PPI, Wholesale Inventories and Wolesale Trade Sales.

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