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
Wednesday November 14th 2012
Is the bottom in? Let’s go get em and buy! The Soybeans seem to trying to bottom after
The horrendous break after Friday’s report. Corn has held support and in the overnight
electronic session the December contract is currently trading at 725 ½ which is 2 cents higher
at this writing. The trading range has been 728 ½ to 722 ¾ so far. I refuse to take my bull horns
off in this complex even after the recent selloff.
On the Energy Front the December Crude Oil is currently trading at 8541 which is 3 points higher
in the overnight electronic session. The trading range has been 8600 to 8514 so far. The API data
released last night showed no major surprises and the market is glued to events in the Middle-East,
recovery in the North East of our nation and headlines of Natural Gas that it is a reality we can be
energy independent and a net exporter of this precious commodity.
The only question is how can the government and lobbyist fumble the football this time?
Call me for daily entry levels.
Have a Great Trading Day!
Questions? Ask Dan Flynn today at 312-264-4374
Futures and options trading involves substantial risk of loss and may not be suitable for everyone. The information presented is from sources believed to be reliable and all information is subject to change without notice.
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