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
Thursday November 15th 2012
In the overnight electronic session the December Corn is currently trading at 725 ¾ which is unchanged
At this writing. The trading range has been 727 ¾ to 722 ¼ so far. Soybeans continue to put a weaken pall
On the Grain complex and have not been able to sustain a rally after we saw short covering rally after last
Fridays report. As far as Corn is concerned I still remain long term bullish.
On the Energy Front the December Crude Oil is currently trading at 8662 which is 30 points higher at this writing
In the overnight electronic session. Today we have the DOE data released a day late after observance of Veterans
Day Holiday on Monday. A lot of news coming out of the Middle East with Palestinians and Israelis trading volleys of
missiles after the top Hamas commander was killed in an Israeli airstrike because of his terrorist tactics and no negotiating was in sight. Overall Iran seems to be the culprit meddling in other countries affairs trying to start a war to finish Israel which may ultimately finish them. We also have the EU back in recession and downgrading continues to stir the pot of this witches brew. These times are getting scary.
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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