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Senior Contributor

OptionEye - Macro Outlook - June 2nd.

Good morning. 


Nothing too surprising in the crop conditions..overnight corn up 2, beans up 6 and wheat up 4. A great green start on a 'turnaround Tuesday' here in Chicago. 


Stocks will open lower. The S & P future pointing to a decline of over 3 points. 


The 10 year yield is a little higher this morning at 2.23% and approaching some key upside levels. 


Oil is also higher by .74 cents to $60.94 this morning and gold is up $1.52 to $1190.62. 


The dollar is weaker by .58 to 96.81. 


Today's key economic release will be Factory Orders. 



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