OptionEye Macro Outlook June 29th
Overnight sees corn up 1 to 2, beans up 5 and wheat 8 .A good day for the grain folks.
The dollar is weaker again at 95.85 down .15.
The stock market wants to open a bit higher with the S&P future up almost a point and the Dow future up 6 points. A quiet start for sure.
The 10 year yield strengthens out to 2.24%.
The oil market shaking off yesterday's build and trades up at $45.10 up .36 cents. Gold is a little lower at $1246.27 down $2.98
Today we get the all important GDP. I think this is more important than the jobs number right now. Let's see how the market takes it. We also see Personal Consumption, Core PCE, Initial Jobless, Continuing Claims and the Bloomberg Consumer Comfort Index.