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Senior Contributor

OptionEye Macro Outlook October 19th

Good morning. 

 

Overnight seems to be a tad quiet with the grainsa little lower. Corn is down 1 to 2 cents, beans are steady to little easier and wheat down 2. 

 

The stock market is quiet but a bit higher this morning with the S&P future up over 1 point and the Dow future up 15 points. 

 

The 10 year yield slipping under 1.75% at 1.74% in lacklustre trade. 

 

The oil market above $50 at $50.95 up .66 cents with gold higher as well to $1269.05 up $6.60. 

 

The dollar is 97.77 down .12 but still fairly strong. 

 

Today we get MBA Mortgage Applications, Housing Starts and Building Permits.

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