OptionEye - Macro Outlook - June 2nd.
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.