OptionEye Macro Outlook - Sept. 9th
Overnight, corn up 1, beans up 3 and wheat up 5. A little bit of strength as the trade debates the big numbers from the last report. Worries are that they may be trimmed.
Equities up again as Asia breathes a sigh of relief. The S & P futures are currently up almost 20 points. The Dow futures are up nearly 150.
The bond market selling off on the equity rally with the 10 year yield at 2.22%.
Oil is lower again to $45.44 down .50 cents. Gold is lower as well to $1120.48 sown $1.07.
The dollar is stronger to 96.26 up .27.
Today we get MBS Mortgage Applications and JOLTS Job Openings. The grain trade will also be positioning for Friday's report.