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Senior Contributor

OptionEye Morning Market Macro Outlook - April 24th

Good morning.

 

Overnight corn is up 2, beans are unchanged and wheat is the leader up 11.  Wheat higher on stories that the rain forecast for the coming weekend in both the US nd Europe will either totally miss some important areas or not be enough.

 

The 10 year is back to the 2.70% level that it likes so much. Some earnings (Apple) have got the stock market on the up swing putting pressure on bonds.

 

The gold market is off again on an improving earnings season and is trading at $1271.38 down $12.52.Oil is up .31 cents to $101.75.

 

The dollar is  ever so slightly weaker at 79.80 down .04.

 

Economic news this morning will be heavily earnings based as well as a dose of Durable Goods, Initial Jobless Claims and Bloomberg's Consumer Comfort Index.

 

 

 

 

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