The Corn & Ethanol Report 1/22/13

The Dan Flynn Corn & Ethanol Report

Tuesday January 22^nd 2013

Good Morning!

In the overnight electronic session the March Corn is currently trading at

733 which is 5 ½ cents higher at this writing. The trading range has been

734 ¾ to 730 ¼ so far. The market continues to flex its bullish tone and expect

a test at the 750 resistance area. Today’s reports are Existing Home Sales at 9 A.M.

Export Inspections at 10 A.M. and Cold Storage at 2 P.M.

On the Energy Front we now focus on the March Crude Oil with the February contract

expiration today. In the overnight electronic session the March Crude Oil is currently

trading at 9600 which is 4 points lower. The trading range has been 9622 to 9547 so far.

The market seems to be on the higher side of the trading range and with warmer temperatures

forecasted we may be due for a break to the downside. However, with last minute traders

rolling over out of the February contract I anticipate a choppy trading session today.

Stay Tuned!

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.