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Senior Contributor

OptionEye Global Macro Outlook February 27th

Good morning. 


Overnight sees corn sharply unchanged, beans steady to a bit easier and wheat bucking the trend up 2. 


The dollar is quiet at 89.82 down .03. 


The stock market is lower today after yesterday's blow off top with the S&P future trading over 7 points lower and the Dow future down 57. 


The 10 year yield stands at 2.86% and is creeping higher with a lower stock market. 


The crude market is off a tad at $6368 down .23 cents with gold virtually unchanged at $1333.38 down .09. 


Today we get the Advance Goods Trade Balance, Wholesale Inventories, Retail Inventories, Durable Goods, Capital Goods, the House Price Purchase Index, the FHFA House Price Index, the Case/Shiller House Price Index and finally the Richmond Fed Manufacturing Index. 


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