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Senior Contributor

OptionEye Morning Market Macro Outlook - April 25th

Happy Friday.


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.



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