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ShelladyOptions
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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1 Reply
aaron-neill
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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