OptionEye Macro Outlook Sept. 8th
The overnight grain market sees corn up 1 to 2, beans up 6 and wheat is unchanged. More positioning going into the report on Monday.
The stock market is slightly higher with the S&P future up 1 point and the Dow future up 10 points.
The 10 year yield running back in to 1.54%.
The crude oil market seeing a decent rally this morning to $46.28 up .78 cents and over the $46.00 level. The gold market is up as well at $1347.64 up $2.42.
The dollar is cheaper again giving a lift to commodities across the board and bucking the latest 'rate hike' rhetoric.
Today we get Initial Jobless Claims, Continuing Claims, the Bloomberg Consumer Comfort Index and Consumer Credit.