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Senior Contributor

OptionEye - The Cow Guy - Morning Macro Outlook - April 9th

Good morning. 

 

Stocks rebounded yesterday and continue that run today. 

 

The 10 year is 2.697% and really kind of languishing in that 2.70% to 2.80% range. Earnings and maybe Fed minutes will help to give it a boost. 

 

Gold is off by $4.30 to $1304.32. Oil is up .25 cents to $102.81.

 

The dollar is stronger by a tad after weakening yesterday and currently sits at 79.81 up .06. 

 

No real stories about the CME system going down yesterday in the Ag sector but boy oh boy was it a shock . 25 minutes before the close we lost Globex. Everything came back to the pit and at time it wasn't pretty. 

 

This morning corn is up 1, beans are up 10 and wheat up 4. We get a crop report this morning and most eyes will be on the soybean reserves. We have been rallying as of late on stories of short supplies and exports. 

 

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