OptionEye Morning Market Macro Outlook - June 18th
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Corn up 2.5, beans up 8 and wheat up 6. A good morning all around. About time we see some green in the ag markets. It is undeniable that the weather has been good. I have been hearing some chatter about a heat dome in July but if things continue like this it might not matter.
Gold up .81 cents to $1271.46. Oil is up .37 cents to $106.73.
The 10 year yield is at 2.63% and once again could not get through that 2.66%.
Stocks are a little better and all eyes are waiting on what comes out of the FOMC today. We should get that at around 1:00 pm Centrat time today.
The markets are waiting for what Janet Yellen will say today..expect things to be slow up until she speaks.