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ShelladyOptions
Senior Contributor

OptionEye Macro Outlook - Nov. 13th

Good morning.

 

I am back in the saddle again. Been in New York for 4 days and Kansas City for 1. Was great seeing everyone at the National Association of Farm Broadcasters. It has to be my favorite convention of the year.

 

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

 

The stock market looks to open lower with the S&P future down almost 4 points and the Dow future down 39 points.

 

Oil is slightly higher after yesterday's sell off. Oil is up .31 cents to $42.06. Gold is languishing at $1087.15 up $1.93.

 

The dollar is at 98.66 which is quietly up .01 but still overall pretty strong.

 

The 10 year yield backing off those 2.30's and stands at 2.29% as some corporate earnings come in slightly worse and the oil sell off.

 

Today we get Retail Sales, PPI and the University Michigan Sentiment Survey.

 

Have a great weekend.

 

 

 

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