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Senior Contributor

OptionEye Macro Outlook October 25th

Good morning. 

 

Go Cubs Go!

 

Well, beans got off to a good start to the week but today we are going to give a little back. Overnight beans are down 3, corn and wheat both up 1. $10.00 and $3.50 acting a little like a magnet. 

 

The 10 year yield sits at 1.78% still hovering around that 1.75% level. 

 

The stock market is going to open steady to a little better with the S&P up over 1 points and the Dow future up 30.00. 

 

The crude oil market a little higher at $50.75 up .23 cents. Gold on the up as well to $1269.52 up $5.01. 

 

The dollar rallying to an 8 week high yesterday and stands at 98.72 down .03. 

 

Today we get the FHFA House Price Index, S&P Case/Shiller Home numbers, Consumer Confidence and the Richmond Fed Manufacturing Index. 

 

 

 

 

 

 

 

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