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ShelladyOptions
Senior Contributor

OptionEye Global Macro Outlook November 15th

Good morning. 

 

Overnight sees corn steady to a bit better, beans up 4 and wheat down 1 to 2. 

 

The  dollar is a bit weaker to 93.57 down .25. 

 

The stock market looks to open lower with the S&P future off 11.5 points and the Dow future down 113. So far the culprit is the sell off in oil. 

 

Crude oil slid by $3 yesterday and is lower again today at $55.05 down .65. Gold not really panicking at $1285.50 up $5.10. 

 

The 10 year yield having made another run at 2.40% fails again and trades back down at 2.34%. 

 

Today we get MBA Mortgage Applications, the CPI numbers, Real Average Earnings, the Empire Manufacturing numbers, Retail Sales and Business Inventories. 

 

Buckle up. 

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1 Reply
cborman11
Senior Contributor

Re: OptionEye Global Macro Outlook November 15th

Still waiting for a report on how farmer's are supposed to make it on these bs prices.
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