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Senior Contributor

OptionEye - Macro Outlook - June 12th

Good morning. 

 

Kind of a sloppy start here in Chicago with spitting rain and slightly cooler temps. 

 

Overnight corn was down 1, beans down 2 and wheat is steady better. 

 

The 10 year yield came in yesterday after Retail Sales disappointed. The yield currently stands at 2.37%. 

 

Stocks look to open a little lower with the S & P future pointing to an opening of almost 7 points lower. Greece still in the headlines and not going away. 

 

Oil is a little lower and has broken back down through $60 and stands at $59.99 down .78 cents. 

 

Gold still languishing at $1181.40 down .56 cents. 

 

The dollar is slightly stronger this morning at 95.35 up .37.

 

Todauy we get some inflation numbers with PPI and University of Michigan Sentiiment Survey. 

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