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
Monday December 3rd 2012
In the overnight electronic session the December Corn is currently trading
at 756 which is 8 cents higher as I write. The trading range has been 768 to
750 ¾ so far. The market is starting a rally after last week’s break to the
Downside as traders are absorbing information that we are still in drought
conditions and expect higher prices to follow.
On the Energy Front the January Crude Oil is currently trading at 8939 which is
48 points higher as I write in the overnight electronic session. The trading range
has been 8954 to 8866 so far. We could see prices move dramatically higher with
the Muslim Brotherhood carrying out atrocities in Egypt with gangs carryout thuggery,
raping women and beating protesters protesting the Middle East latest dictator working
against the populations wishes. If this craziness continues it may bolster Iran to further aid
in the terror and could spell big problems once again in that part of the world.
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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