OptionEye Macro Outlook - Nov. 23rd
Overnight grains see corn a tad easier, beans down 9 and wheat down 2.
A story out that due to the outcome of the Argentine elections, farmers there are set to boost exports increasing global supplies of corn, wheat and beans.
Stocks are set to open close to unchaned as the S&P future is less than a point lower in early trade.
The oil market fairly quiet so far and is currently at $42.20 up .30 cents.
Gold still struggling at $1072.30 down $5.57 this morning.
The 10 year yield a little higher as bonds sell off after comments over the weekend as Goldman Sachs sees a hike of 100 bps. Not sure how that will happen if we keep seeing these commoditiy prices lower.
The dollar is stronger to 81 up .24. 100.00 here we come.
Today we get Chicago Fed Nat Activity Index, Markit US PMI and Existing Home Sales.