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11-11-2014
06:24 AM
OptionEye - Macro Outlook - Nov. 11th
Good morning.
Overnight, corn a tad lower, beans up 2 and wheat down 3.
Again, stock futures slightly higher as we levitate into year end.
The 10 year yield is at 2.36% after a lackluster 3 year bond auction yesterday. Traders got nervous about a bad 10 year auction and a bad 30 year auction later this week and sent bonds lower/yields higher.
Oil is lower by .20 cents to $77.20 and gold is up $5.00 to $1156.44.
The dollar is a little stronger at 87.86 up .o5.
Economic data today is very llight. NFIB Small Business Optimism.
Thank you to all the veterans out there. You are appreciated.