Dan Flynn is the writer of The Corn & Ethanol Report, a daily market letter covering grains, energies, and various global issues that are the driving force and backbone of the commodity markets. Contact Mr. Flynn at (312) 264-4374
The Dan Flynn Corn & Ethanol Report
Friday October 19th 2012
Today’s reports are Existing Home Sales at 9:00 CST and Cattle on Feed, Milk Production at 2:00 PM CST.
In the overnight electronic session the December Corn is currently trading at 767 ¼ which is 6 ½ cents higher
at this writing. The trading range has been 769 to 758 ¼ so far. Nothing has changed in my fundamental focus
of higher prices even in harvest time. Government Central Banks are also a factor in intervening on currencies
around the globe.
On the Energy Front we are now shifting our focus to the December contract. In the overnight electronic session
The Dec Crude Oil is currently trading at 9277 which is 24 points higher at this writing. The trading range has been
9285 to 9277 so far. The market continues to trade off the same issues stemming from the Middle-East, China,
Russia, refinery problems, Mother Nature not to mention global governments trying to apply a Band-Aid to a gaping
Wound that the politicians started in the first place..
Stay Tuned Sports Fans!
Have a Great Trading Day!
Call me for daily entry levels.
Questions? Ask Dan Flynn today at 312-264-4374
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