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Senior Contributor

OptionEye Macro Outlook May 9th

Good morning.


Overnight sees corn unchanged, beans mixed and wheat steadier to a bit easier. 


The dollar is a bit stronger this morning at 99.39 up .33.


The 10 year yield is higher as bonds sell off and the yield stands at 2.39%. 


Stocks will open a tad better with the S&P future trading about a point higher and the Dow future is trading up 20 points. 


The oil market is a little higher as well this morning and currently trades at $46.61 up .18 cents. Gold is a shade easier at $1224.27 down $1.99. 


Today we get NFIB Small Business Optimism, Wholesale Inventories and the Jolts Job Openings. 

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