OptionEye - Macro Outlook - June 16th
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.