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Senior Contributor

OptionEye Global Macro Outlook November 28th

Good morning. 

 

Overnight sees corn down 1 to 2, beans down 3 to 4 and wheat up 1. 

 

The dollar is bang on 93.00 up .09. It is still struggling to get over Janet Yellen's speech last week. 

 

The stock market is trading a bit higher this morning via the futures market with the S&P future up almost 1 point and the Dow future up 24 at the time of writing. 

 

The 10 year yield trades at 2.32% which is a bit weaker as of late. 

 

The crude oil market stands at $57.54 down .57 cents as it struggles to get above that all important $58.00 level. The gold market is quiet and stands at $1293.47 down $1.08. 

 

Today we get Advance Goods Trade Balance, Wholesale Inventories, Retail Inventories, FHFA House Price Index, the House Price Purchase Index, the S&P Case/Shiller Housing Numbers, the Conference Board Consumer Confidence Index and the Richmond Fed Manufacturing Index. 

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