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Senior Contributor

OptionEye Macro Outlook October 18th

Good morning. 

 

Overnight sees corn 1 lower, beans steady to a bit lower and wheat down a solid 2 cents. 

 

The dollar is a bit stronger at 93.67 up .18. 

 

The stock market will open higher as the S&P future is up almost 4 points and the Dow future up 80. New all time record high to day could be on the cards.....yawn. 

 

The 10 year yield is at 2.32%. 

 

The crude oil  market is up at $52.00 up .12 cents and the gold market is lower again at $1279.42 down $5.20. 

 

Today we get MBA Mortgage Applications, Housing Starts, Building Permits, the Beige Book and the Monthly Budget Statement. 

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