04-25-2014 07:23 AM
OptionEye Morning Market Macro Outlook - April 25th
Overnight corn up 3, beans up 10 and wheat up 6.
Geopolitical concerns still powering wheat higher. The Russia/Ukraine conflict will be with us into the summer I am sure. Poor monsoon forecasts in India have their futures 3% higher...Chicago has risen with them.
In other markets gold is up, yes up today by $7.72 to $1301.08 and oil is off .58 cents to $101.36.
Stocks have backed off overnight, as Ford's earnings came out and missed.
The mover of the day is the 10 year yield. Currently trading at 2.66% down from 2.70%.
Today we get U of Mich confidence survey as Markit composite PMI.
Hope everyone has a great weekend.