OptionEye - Macro Outlook - June 25th
Overnight corn is down 1, beans are up 3 and wheat is down 2. The wet year charts of 1993 still doing the rounds. This June 30th report and the S & D in July will give us our next trend.
The 10 year yield is slightly higher to 2.39% and flirting with 2.50%.
Stocks are up this morning with the S & P future pointing to an opening of at least 10 points higher. Greece optimism is no longer a thing, its a theme.
The oil market is quiet and hanging around $60 at $60.07 down .20 cents. Gold is lower as well to $1174.41 down $1.07.
The dollar is basically unchanged this morning at 95.26 up .01. Still strong but very quiet so far this morning.
We get Personal Income and Spending, PCE, Initial Jobless Claims, Markit US PMI and Bloomberg Consumer Comfort - lots to get our teeth into today.