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Senior Contributor

OptionEye - Macro Outlook - July 29th

Good morning. 


Corn down 3, beans down 12 and wheat down 2. 


The dryness story doing the rounds yesterday giving things a boost in a very thin trade. 


In other news the traders are all waiting for a slew of reports this week to give us an idea about how well the economy is doing. the 10 year sits at 2.47%. Stocks are higher on good earnings from Merck. 


Oil is off .52 cents to $101.15. Gold is higher by $2.84 to $1306.85.


There are a lot of housing numbers due out this morning as well as a Consumer Confidence number. 


Finally, the dollar is a little stronger to 81.07 up .04. 



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Veteran Contributor

Re: OptionEye - Macro Outlook - July 29th

It's good to see the trade is only 2-weeks behind the farmers! (RE-dryness showing up)

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