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04-18-2017
06:40 AM
OptionEye Macro Outlook April 18th
Good morning.
Overnight sees corn steady to a little better, beans down 4 and wheat up 1.
The dollar is weaker this morning and trades at 100.08 which is down .21 .
The 10 year yield still trading nervously at 2.23%. A flight to quality and a sign of a weak economy will keep yields under pressure.
The stock market wants to open a little lower with the S&P future trading 5 points lower and the Dow future trading 12 lower.
Oil is a little lower at $52.19 down .46 cents and gold is pretty much unchanged at $1284.95 down .26 cents.
Today we get Housing Starts, Building Permits, Industrial Production and Capacity Utilization.