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ShelladyOptions
Senior Contributor

OptionEye Morning Market Macro Outlook - May 9th

Good morning.

 

Today is the day.

 

Avg est. for ending stocks - corn 1.314, beans .134 and wehat .588.

Avg est . for new crop       - corn 1.672, beans .307 and wheat .553.

 

Obviously quiet overnight. Corn down 1, soybeans up 2 and wheat up 2.

 

All talk and no action. Big had, no cattle.

 

That is the central bank world we live in today.

 

Gold is up $2.83 to $1292.13. Oil is up .42 cents to $100.68.

 

The 10 year is at.....yes, you guessed it, 2.60%. Well, just under at 2.594. No real story there yet.

 

Stocks are lower this moring as/was Europe. Most bourses off .50% to 1.40%.

 

The dollar is significantly stronger this moring up to 79.68 which is stronger by .32.

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