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Senior Contributor

OptionEye Morning Macro Outlook July 14th

Good morning.

 

Just not really getting any better for corn which is down 4, beans are up 1 and wheat is unchange.

 

Corn is now at a 4 year low. No record hot temps = no plant stress = corn opening lower.

 

Stocks are higher this morning as are the European stocks. We will get some more earnings today that may move the market.

 

The 10 year yield is at 2.52% and really not doing much overnight.

 

Oil is making its way toward $100 and trades at $100.48 down .35 cents.

 

Gold is getting hit this moring down $21.47 down to $1317.15.

 

The dollar is a tad weaker to 80.14 down .04.

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