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
In the overnight electronic session the December Corn is trading lower as I write.
The December futures are currently trading at 756 which is 5 ¼ cents lower. The trading
range has been 762 ½ to 755 so far. We will continue to trade the battle of the chops. But at
the end of this season we will be trading higher. Do not be afraid to take small profits and
reposition when the timing is right.
On the Energy Front, where do we Begin?
News that gas prices are going to drop 50 cents before anyone knew? When we had product
On the shelves for how long? Who would have knew?
Don’t blame speculators or Big Oil on this one!
In the overnight electronic session the December Crude Oil is currently trading at 8752 which is
113 points lower at this writing. The trading range has been 8929 to 8727 so far. As a trader I feel
the market is keying on three events !) Debate last night and elections, 2) FEDERAL RESERVE MEETING,
3) The European turmoil which is making certain traders trade lightly if at all.
Call me for daily entry levels.
Have a Great Trading Day!
Questions? Ask Dan Flynn today at 312-264-4374
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