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Senior Contributor
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Registered: ‎05-03-2010
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OptionEye Macro Outlook October 10th

Good morning. 

 

Overnight sees corn down 1, beans up 3 and wheat down just over a penny. 

 

The dollar is a little weaker by .31 cents to 93.35. 

 

The stock market is - yep you guessed it - higher. The S&P future is up over 4 points and the Dow future up 39. 

 

The 10 year yield is hovering at 2.35%. 2.40% is a BIG level. 

 

The crude oil market not giving up on $50 and trades at $50.12 up .54. Gold is making a run at $1300 and trades at $1291.06 up $7.20. 

 

Today we got the NFIB Small Business Optimism numbers and it was a small disappointment. The reading came in at 103 vs a 105 expectation and a last  month print at 105.3