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Senior Contributor

OptioinEye Global Macro Outlook - May 10th

Good morning. 


Overnight sees corn up 1, beans up 4 and wheat up 2. 


The dollar is  a little weaker at 92.91 down .12. 


The stock market looks to open a bit better with the S&P future up over 5 points and the Dow future up 35. 


The 10 year yield trades at 2.97%.


The crude oil market is higher again at $71.65 up .51 cents while gold is trading at $1315.04 up $2.33. 


Today we get Initial Jobless Claims, Continuing Claims, CPI, Real Average Hourly Earnings, the Bloomberg Consumer Confidence Index and the Monthly Budget Statement. 

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