The Corn & Ethanol Report 1/3/13

The Dan Flynn Corn & Ethanol Report

Thursday January 3^rd 2013

Good Morning!

As the novelty and jubilation wears off by dodging the fiscal cliff for now.

I see a correction looming for the stock market in our current spend and

write checks you can’t cash environment.

On the Corn Front the March contract is currently trading at 685 ½ which is 5 ¼ cents

lower in the overnight electronic session. The trading range has been 692 ½ to 685

so far. The market seems poised to test the next support levels that you can see in

the Phil Flynn Daily Entry Levels. Farmers smell demand destruction with decisions on

acreage and plantings looming.

On the Energy Front the market is somewhat of a mirror to the Stock Market showing

A wide range of inconsistencies  and lack of confidence. In the overnight electronic session

the February Crude Oil is currently trading at 9272 which is 40 points lower as I write. The

trading range has been 9298 to 9249 so far. This market looks to be range bound as it digests

the so called cure for the fiscal cliff.

Stay Tuned!

Have a Great Trading Day!

Thanks,

Daniel Flynn
Questions? Ask Dan Flynn today at 312-264-4374

View The Corn & Ethanol Report Archives • www.pricegroup.com

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.