
Perspective: Morning Commentary for June 16
June 16 – Stock futures traded quietly mixed overnight as investors focus on this week’s meeting of the Federal Open Market Committee – the first to be chaired by Kevin Warsh – and as traders monitor the anticipated move toward peace in the Middle East. The VIX is again trading near 16 this morning, while the dollar index trades near 99.6. Yields on 10-year Treasuries are trading near 4.45%, while yields on 2-year Treasuries are trading near 4.06%. Energy prices continued their slide on the move toward an anticipated reopening of the Strait of Hormuz, with WTI crude oil trading below $78 this morning, while Brent trades near $80 per barrel. The grain and oilseed sector was generally weaker as well, with the exception of a bounce in Chicago wheat prices due to adverse weather impacting production in Europe.

- Grains & Oilseeds
- Energy
- Dairy
- Renewable Fuels
- Cocoa
- Coffee
- Cotton
- Sugar
- Meats & Livestock
- Forest Products



