OptionEye Macro Outlook November 17th

[ShelladyOptions]

Good morning. 

Very nice day today in Chicago. Maybe break a record from 1975....could reach 74 degrees. Almost flip-flop weather in November. 

Overnight grains see corn up 1, beans up 4 and wheat up 3. 

Big fires in the Southeastern part of the US. 

The 10 year yield backing up a bit after Japan announces unlimited buying of bonds. This morning the 10 year yield is at 2.21%.

Stocks will open higher this morning with the S&P future up 3 points and the Dow future up 10 points. 

The crude market is a little higher this morning at $46.22 up .65 cents and gold up as well at $1230.15 up $4.93. 

The dollar is still a little strong at 100.06 down .35. 

Today we get Housing Starts, Building Permits, CPI, Initial Jobless Claims, Continuing Claims and the Phiadelphia Fed Business Outlook. 

[illinifarmer]

Never going to get close just another fabricated forecast. Rain and snow the next two days. Highs in the thirties over weekend so tell yourself whatever you want for today. The lows here in Chicago have been wrong everyday by up to 15 degrees all month. I think these meteorologist work with the USDA.! Lol 🌤🌬⛈❄️

[illinifarmer]

Currently 47degrees with a low posted of 55 close I guess just like the yield report.

[JimMeade]

65F in eastern Iowa at 0900, forecast to 72F today, then getting cold quickly on Friday.  Has to do with the wind flow from the south today and then a cold front coming in Friday.  Weather reports are getting better and better, and we keep expecting more and more out of them.  It seems we push our expections out to the point where we're sure to be happily disappointed often.