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Senior Contributor

OptionEye Macro Outlook November 22nd

Good morning. 


Overnight sees corn steady to a bit easier, beans up 3 to 4 and wheat steady to a bit better. Today will be largely about the open and close. Could be volatile and thin. 


The dollar is trading at 93.80 down .14. 


The stock market looks to open a bit higher again as the S&P future trades 1 point higher and the Dow future up 30. 


The 10 year yield stands at 2.36% as it looks at making another run at 2.40%. 


The crude oil market is higher and flirting with the $58.00 level. This morning it trades at $57.80 up .97 cents. The gold market is a little higher at $1283.10 up $2.57. 


Today we get MBA Mortgage Applications, Initial Jobless Claims, Continuing Claims, Durable Goods, Capital Goods, the Bloomberg Consumer Comfort Index, the University of Michigan Sentiment Survey and the release of the FOMC Meeting Minutes. 


Have a wonderful and happy Thanksgiving. 

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