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Senior Contributor

OptionEye Macro Outlook October 20th

Good morning. 

 

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. 

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