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Senior Contributor

OptionEye - Macro Outlook - June 16th

Good morning.

 

Overnight grains have corn up 2, beans up 5 and wheat up 4. Last night's crop conditions which were slightly behind and saw the grains rally slightly overnight. 

 

The 10 year yield sits at 2.32% after we basically missed most of yesterday's economic expectations. Empire Manufacturing and Industrial Production both missed and missed badly. 

 

Stocks took a hit on that news as well and look to continue that move this morning with the S & P future pointing to an opening around 7 points lower. 

 

Oil is higher by .27 cents to $59.79 and gold is lower by $2.35 to $1183.03. 

 

The dollar is slightly stronger at 94.97 up .16. 

 

Today we get Housing Starts and Building Permits.

 

And I am sure we will have a few foggy heads here in Chicago as the Blackhawks won the Stanley Cup last night. 

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Re: OptionEye - Macro Outlook - June 16th

Go Blackhawks! Foggy heads?Are you kidding me?
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