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Senior Contributor

OptionEye Macro Outlook February 2nd

Good morning. 


Overnight sees corn down 1, beans down 5 and wheat 3. 


The dollar is a bit higher but still weak at 88.87 up .20 on the day. 


The stock market taking another hit as interest rates edge higher. The S&P future is down over 20 points and the Dow future off 266. 


The 10 year yield making a run at 2.80% this morning and trades at 2.796%. 


The crude oil market is pretty flat at $65.84 up .04 cents. The gold market is a bit easier at $1344.69 down $4.01


Today we get Non Farm Payrolls, the Unemployment Rate, Average Hourly Earnings, the Labor Force Participation Rate and the University of Michigan Sentiment Indices.   

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