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Senior Contributor

OptionEye Macro Outlook November 1st

Good morning. 

 

Overnight corn looks to be 1 to 2 lower, beans 1 lower and wheat 1 to 2 lower. 

 

The dollar is weaker and should help to give commodities a boost. Right now that is not the case but the dollar currently trades at 98.16 down .27. 

 

Stocks will open a bit higher this morning with the S&P future up 5 points and the Dow future up 33 points.

 

The 10 year yield is still hovering at 1.84%. 

 

Oil is basically unchanged at $46.83 down .03 cents. The gold market getting a boost at $1286.51 up $9.21. 

 

Today we get Markit US Manufacturing PMI, Construction Spending and ISM Manufacturing.

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