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
Tuesday December 4th 2012
In the overnight electronic session the December Corn is currently trading at
750 ½ which is 1 ½ cents higher in the overnight electronic session. The trading
range has been 751 ½ to 746 so far. I continue to trade on the fundamentals of
the worst drought we have seen in my lifetime. We will soon start to focus on
March Corn next week as First Notice Day is Friday December 14th. We also have
to look at the reports on Tuesday December 11th Crop Production and USDA
Supply/Demand reports. I still have my bull horns on. Stay Tuned!
On the Energy Front the January Crude Oil is currently trading at 880 which is 109
Points lower as I write in the overnight electronic session as I write. The trading
range has been 8918 to 8796 so far. The market looks to be in a profit taking mode
regardless of the fears in the Middle East and fears of our government meddling in
Free Markets! The break we see has much to do with the fiscal cliff that the politicians
are fumbling the football!
Have a Great Trading Day!
Call me for daily entry levels!
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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