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Senior Contributor

OptionEye Global Macro Outlook January 17th

Good morning. 


Overnight sees corn sharply unchanged, beans down 1 and wheat steady to a tad easier. 


The dollar is slightly stronger at 90.57 up .18. 


The stock market looks to open higher (again) with the S&P future up over5 points in early trade and the Dow future up 109. 


The 10 year yield moving a bit higher to 2.55%. 


The crude oil market off a bit at $63.33 down .40 cents and the gold market pretty flat at $1338.40 down .03 cents. 


Today we get MBA Mortgage Applications, Industrial Production, Capacity Utilization, Manufacturing Production, the Fed's Beige Book, Total Net TIC Flows and Total Long-term TIC Flows. 



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