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ShelladyOptions
Senior Contributor

OptionEye Macro Outlook May 8th

Good morning. 

 

Overnight sees the grain market a little lower with corn off 1 cent, beans lower by 3 to 4 cents and wheat lower by 4 cents as well. 

 

The dollar is a little stronger but in the scheme things is still weak at 98.97 up .32. 

 

The 10 year yield still stuck in the  mud at 2.33%. 

 

The stock market will open lower after having been higher overnight with the S&P future down 3 points and the Dow future down 30 points. 

 

The crude oil market still is weak and trades at $46.19 down .02 cents and the gold market is up at $1234.05 up $12.45. 

 

Today we will be watching the fall out from the French presidential elections in which Macron won pretty handily. 

 

 

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