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Senior Contributor

OptionEye Macro Outlook - Sept. 10th

Good morning.

 

It's USDA Report Eve. Should be and interesting day watching those take postions and square postions.

 

Overnight, corn unchanged, beans up 1 and wheat up 1.

 

The stock market melted during the day yesterday and took most things with it. Today it is basically unchnged with the Dow future a little lower and the S & P future a little higher.

 

Oil  too was on the slide yesterday and is a little higher this morning at $44.50 up .35 cents.

 

Gold is basically unchanged at $1107.55 down .28 cents. Everything is kind of quiet this morning.

 

The 10 year yield is at 2.20%.

 

Today we get the Import Price Index, Initial Jobless Claims, Continuing Claims, the Bloomberg Consumer Comfort Index and Wholesale Inventories.

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