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Senior Contributor

OptionEye Macro Outlook August 25th

Good morning. 


Well, things have pretty much ground to a halt here in Chicago. We have the Pro-Farmer tour as well as the Janet Yellen speech tomorrow in Jackson Hole. Volumes are thin and things are jumpy. 


This morning corn is down 1, beans are down 8 and wheat is squeezing out an overnight gain up 1. 

The dollar is slightly weaker this morning at 94.68 down .10. 


The oil market is a little lower again this morning at $46.45 down .32 cents. Gold is basically unchanged at $1324.24 up .09 cents. Still very quiet all waiting for Yellen. 


The 10 year yield is still stuck at 1.55% and waiting for some direction. 


Stocks are going to open a little lower this morning with the S&P future down 5 and the Dow future down 38 points. 


Today we get Initial Jobless Claims, Continuing Claims, Durable Goods, Capital Goods, Markit US PMI's and the Bloomberg Consumer Comfort Index. 

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