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 January 7th 2013
In the overnight electronic session the March Corn is currently trading at 683 which is
2 2/3 cents higher at this writing. The trading range has been 686 ¾ to 678 so far. Farmers
that have sold their new crop and or vast majority at premium price compared to our current
levels can sit this dance down for now. Traders and Farmers alike will have a keen interest in
Friday’s report the first big Grain report of the New Year and give an idea of the direction the
market will take heading into the planting season.
On the Energy Front the February Crude oil is currently at 9259 which is 50 points lower in the
overnight session. The trading range has been 9325 to 9245 so far. It should be an interesting
week with Crude stocks data showing such a huge draw down with the possibility had something
to do with yearend write off on taxes. There could be a chance of all the light barrels will show up
in this week’s report.
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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