OptionEye Macro Outlook November 1st
Overnight corn looks to be 1 to 2 lower, beans 1 lower and wheat 1 to 2 lower.
The dollar is weaker and should help to give commodities a boost. Right now that is not the case but the dollar currently trades at 98.16 down .27.
Stocks will open a bit higher this morning with the S&P future up 5 points and the Dow future up 33 points.
The 10 year yield is still hovering at 1.84%.
Oil is basically unchanged at $46.83 down .03 cents. The gold market getting a boost at $1286.51 up $9.21.
Today we get Markit US Manufacturing PMI, Construction Spending and ISM Manufacturing.