OptionEye Morning Market Macro Outlook - April 21st
Expecting another quiet day as Mondays have been that way for a while now and it is a holiday in Europe as well.
Overnight, corn down 4, beans down 10 and wheat down 15.
Rain the main driver for the sell off in wheat.
Gold still gettting hit as the rush hedge inflation worries fizzles again. Gold is down $9.92 to $1284.38. Oil is off .30 cents to $104.00 but that hardly helps us at the pump.
Stocks are slightly better overnight and the 10 year yield has risen back above 2.70% to 2.71%. More companies reporting today including Netflix and Halliburton.
I hope you all had a Happy Easter.