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Senior Contributor

OptionEye Macro Outlook October 23rd

Good morning. 

 

Overnight sees corn unchanged, beans up 1 and wheat steady better. 

 

The dollar is creeping higher and trades just below 94 at 93.93 up .22. 

 

The 10 year yield getting stronger and making a move towards that ever more important 2.40% level. This morning it stands at 2.38%. 

 

The stock market wants to higher this morning with the S&P future up 2.5  points this morning and the Dow future up 27. 

 

The crude  market virtually unchanged at $51.82 down .02 cents. The Dow future is up 24 points. 

 

Today we get the Chicago Fed National Activity Index.

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