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Senior Contributor

OptionEye Macro Outlook Sept. 8th

Good morning. 


The overnight grain market sees corn up 1 to 2, beans up 6 and wheat is unchanged. More positioning going into the report on Monday. 


The stock market is slightly higher with the S&P future up 1 point and the Dow future up 10 points. 


The 10 year yield running back in to 1.54%. 


The crude oil market seeing a decent rally this morning to $46.28 up .78 cents and over the $46.00 level. The gold market is up as well at $1347.64 up $2.42. 


The dollar is cheaper again giving a lift to commodities across the board and bucking the latest 'rate hike' rhetoric. 


Today we get Initial Jobless Claims, Continuing Claims, the Bloomberg Consumer Comfort Index and Consumer Credit. 









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