OptionEye Macro Outlook November 3rd
Overnight grains sees corn up 1, beans up 2 to 3 and wheat down 1 to 2. Stay tuned for Informa and FC Stone estimates.
The 10 year yield hanging on to 1.80% this morning as the market tries to digest the FOMC non-minutes and the prospects of non-farm payroll tomorrow.
Stocks are higher in early trade as the S&P future is up over 4 points and the Dow future is up
The oil market has been hot lately as WTI trades at $45.76 up .42 cents and gold trades lower at $1288.93 down $8.00.
The dollar is little changed at 97.32 down .07.
Today we get Initial Jobless Claims, Continuing Claims, Markit US PMI's, Bloomberg Consumer Comfort, ISM Non-Manufacturing Composite, Factory Orders, Durable Goods and Capital Goods.