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Senior Contributor

OptionEye Macro Outlook Sept. 9th

Good morning. 

 

Overnight grains see corn down 1, beans steady better and wheat down 1 to 2. Grain report on Monday will see more positioning today. 

 

The stock market will be a little lower this morning. The S&P future is off by almost 8 points and the Dow future is lower by 75 points. 

 

The 10 year yield is bleeding out to 1.64% this morning on more rate hike worries. 

 

The crude market trading lower at $46.87 down .75 cents and the gold market backing up a bit to $1334.21 down $3.99.

 

The dollar is  unchanged at 95.03. 

 

Today we get Wholesale Inventories. 

 

Have a great weekend. 

 

 

 

 

 

 

 

 

 

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