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Senior Contributor

OptionEye Macro Outlook October 24th

Good morning. 

 

The last full week of October. Where oh where does the time fly. 

 

In case you might want to tune in, I will be out on our family farm tomorrow with a crew from Fox Business News. We always try and get the farm on TV every year commodities are a hot topic. Should be from 8:30am  through out the day. 

 

As for overnight grains, corn is steady to a tad better, beans on fire up over 14 cents and wheat steady better with corn. Beans above $10.00 will attract some interest.

 

The 10 year yield still near 1.75% at 1.73%.

 

The dollar is still strong at 98.56 down .12. 

 

Oil closing in on $50.00 drifting lower at $50.50 down .35. Gold is lower as well to $1264.30 down $1.97.

 

Stocks will open higher this morning with the S&P future up over 9 points and the Dow future up 76 points. 

 

Today we get Chicago Fed. Nat. Activity Index and Markit US Manufacturing PMI. 

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