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 November 16th 2012
In the overnight electronic session the December Corn is currently trading at
716 which is 5 ¼ cents lower. The trading range has been 723 ½ to 715 ¼ so far.
The recent breaks to the downside has not changed my mind on how bullish
this market is. As we head into the winter months we must remember of what
the crop has yielded, carryover and heavy demand that will not decrease.
On the Energy Front the December Crude Oil is currently trading at 8628 which
is 83 points higher in the overnight electronic session. The trading range has been
8631 to 8502 so far. With bad economic numbers being posted that should cause
demand destruction only creating another fiscal bubble that will eventually burst
and further frustrate working taxpayers that are employed. We also have tensions
in the Middle East with the Egyptian Prime Minister meeting with leaders of Hamas
as the terrorist continue to volley rockets and apparently no diplomatic resolution can
be found with the Islamist Hamas dashing any peace in this troubled part of the world.
Reported by Nidal al-Mughrabi from Reuters.
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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