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 January 22nd 2013
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.
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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