OptionEye Macro Outlook Oct. 4th
Overnight sees corn down 1, beans steady and wheat down 1.
The dollar is hovering but ever so slightly weaker at 93.38 down .18 .
The stock market wants to open a bit lower - yes I said lower - with the S& future trading down 2 points and the Dow future down 6.
The 10 year yield backing off a bit after its recent run higher. It trades at 2.31% this morning as we close in on the jobs numbers at the end of the week.
The crude oil market is trying hard to stay above $50 and now trades at $50.18 down .24 cents. The gold market is a little higher at $1277.61 up $5.97.
Today we get MBA Mortgage Applications, ADP Employment Change, Markit US PMI's and ISM Non-Manufacturing Composite.