OptionEye Macro Outlook May 9th
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.