OptionEye Macro Outlook - Sept. 14th
Overnight corn continues its rally from Friday. Currently corn up 3, beans up 7 and wheat up 3.
Fridays report gave the bulls some comfort and we now will wait until next months report as we debate the dollar and China.
Stocks are a little higher this morning with the S & P future up 4 points, the Dow future up 18. The Fed meets this week and already is dominating the headlines.
The 10 year yield kind of frozen as it awaits the FOMC. Currently it stands at 2.18%.
Oil slipping .07 cents to $44.56 and gold is lower by $1.66 to $1106.11.
The dollar is a tad stonger at 95.27 up .07.
No real data today. Tomorrow we get Retail Sales, Empire Manufacturing, Industrial Production and Capacity Utilization.