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ShelladyOptions
Senior Contributor

OptionEye - Macro Outlook - June 1st.

Ok. Happy June and May is in the books. 

 

Overnight corn down 1, beans down 8 and wheat unchanged. 

 

Pretty horrible weekend weatherwise here in Chicago and it looks to be making its way East today. If you like constant downpours and 48 degree weather, get reaady for some fun. 

 

Stocks pretty flat with the S & P future virtually unchanged. German PMI disappointed and margins were raised in China. Both of those kind of took the air out of the market. 

 

Oil is lower by .72 cents to $59.58 and gold doing its thing - which is nothing - hanging out at $1186.55 down $4.00. 

 

The 10 year is at 2.12% as we get a lot of data this week culminating with the jobs number on Friday. 

 

Today we get Personal Income, Markit US Manufacturing PMI, Construction Spending and ISM Manufacturing.

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