OptionEye Macro Outlook October 20th
Overnight sees corn up 1, beans up 4 and wheat up 2.
The dollar is a tad stronger at 93.39 up .13.
The 10 year yield sits at 2.36% and a bit higher than it was yesterday. The key level is 2.40% to watch for the rest of the year.
The stock market will open higher this morning as the S&P future is up over 5 points the the Dow future up 80.
The crude market is slipping a bit at $51.01 down .28 cents. The gold market is range bound at $1283.96 down $6.14.
Today we get Existing Home Sales and the Monthly Budget Statement.
Have a great weekend.