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Senior Contributor

OptionEye Macro Outlook - Nov. 16th

Good morning.

 

A difficult day today as we remember those who lost their lives in Paris and the families that are affected.

 

Corn is unchanged this morning with beans down 1 and wheat down 3.

 

The stock market initially sold off but is now up for the day. The S&P future is up over 6 points this morning and the Dow future is up 30 points.

 

The 10 year yield sits at 2.25%.

 

The oil market is up .92 cents to $41.66 and the gold market is up by $7.47 to $1091.39.

 

The dollar is stronger still and over 99.00 at 99.06 up .06.

 

Today we get Empire Manufacturing as we reflect on the actions of last Friday.

 

 

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Re: OptionEye Macro Outlook - Nov. 16th

At 9:00 A.M. -

Private exporters reported to the U.S. Department of Agriculture the following activity:

  • Export sales of 1,440,180 metric tons of corn for delivery to Mexico. Of the total 952,500 metric tons for delivery during the 2015/2016 marketing year and 487,680 metric tons for delivery during the 2016/2017 marketing year; and
  • Export sales of 180,000 metric tons of soybeans for delivery to China during the 2015/2016 marketing year.

 

- Anna

Digital Content Editor, Agriculture.com 

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