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Senior Contributor

OptionEye Macro Outlook October 19

Good  morning. 

 

Overnight sees corn up 1, beans up 2 and wheat solidly mixed. 

 

The dollar is quiet at 93.31 down .04. 

 

The stock market is a bit jittery this morning with the S&P future down over 11 points and the Dow future down 106. It is worth noting that we are off the lows of the session. Is this a sympathy move with the October the 19th 30th anniversary or genuine nerves in Catalonia. I say Catalonia. 

 

The 10 year yield is at 2.31%. 

 

The gold market is a little higher with global nerves and trades at $1286.17 up $5.11. The crude oil market still treading water at $51.30 down .74 cents. 

 

Today we get Initial Jobless Claims, Continuing Claims, the Philadelphia Fed Business Outlook, the Bloomberg Consumer Comfort Index, th Leading Index and the Monthly Budget Statement. 

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