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Senior Contributor

OptionEye Macro Outlook April 11th

Good morning. 


Overnight corn is steady, beans up 8 and wheat down 3 to 4. 


The dollar is a shade weaker at 89.49 down .09. 


The stock market is pointing to a lower open with the S&P future down 22 points and the Dow future down 175. 


The 10 year yield slips below 2.80% and stands at 2.78%. 


The crude oil market is through that $65 level at $65.88 up .37 cents and gold is a little higher at $1346.28 up $6.80. 


Today we get MBA Mortgage Applications, CPI, Real Average Earnings, the Monthly Budget Statement and the release of the FOMC Meeting Minutes. 

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