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Registered: ‎05-03-2010
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OptionEye Macro Outlook March 14th

Good morning. 

 

Overnight sees corn steady to a little easier, beans are 6 lower and wheat 1 lower. 

 

The dollar is a tad stronger at 101.61 which is up .30. 

 

The 10 year yield is approaching 2.61% at 2.609%. Remember, it was Feb. 24th when we were at 2.31%. 

 

The oil market is falling out of bed with reports that Saudi Arabia upped production which sent oil to its current level at $48.05 down .35 cents. 

 

This will weigh on equities with the S&P future down over 8 points and the Dow future down 69 points. 

 

Gold is hanging in there at $1206.35 up $2.29. 

 

Today we get NFIB Small Business Optimism and PPI, 

 

It is partly cloudy and 55 degrees in London this morning - just sayin'.