OptionEye Macro Outlook October 19
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.