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
Wednesday January 9th 2013
In the overnight electronic session the March Corn is currently trading at
689 ½ which is ¾ of a cent higher. The trading range has been 691 ¼ to
686 ¾ so far. The market seems poised to jump on a trend or direction to
start a bull trend.
Questions traders are asking.
Is the bottom in?
Should I buy cheap out of the money calls?
I am not sure that we completely bottomed, however, I expect we will soon
see the running of the bulls.
On the Energy Front the February Crude Oil is currently trading at 9305 which is
10 points lower at this writing. The trading range has been 9334 to 9285 so far.
The API statistics were bearish overall but not as bearish in the Crude sector,
meanwhile the products were right online with the bearish tone. The market
may yawn at these numbers until the Department of Energy releases their data at
9:30 A.M. C.S.T.
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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