The Corn & Ethanol Report 1/24/13

The Dan Flynn Corn & Ethanol Report

Thursday January 24^th 2013

Good Morning!

Early in the open outcry session the market seemed to be in a congested mode

until independent weather forecasters there is enough rain as the planting season

begins. This help the profit takers to write sell orders and the trade went lower on

light volume. In the overnight electronic session the March Corn is currently trading at

716 which is 4 ¾ cents lower. The trading range has been 721 to 715 ¼ so far. I still believe

This is still creating a golden buying opportunity. Depending how you read the tea leaves

both fundamentally and technically is showing me this market is poised to trade higher.

Stay Tuned!

On the Energy Front the API stats showed a build of 3.2 million barrels on Crude while

Gas and Distillates were down 1.6 and 1.3 million barrels respectively. News overseas

May be the next headline to keep prices higher. In the overnight electronic session the

March Crude Oil is currently trading at 9576 which is 53 points higher at this writing. The

trading range has been 9587 to 9512 so far. Let’s gear up for the release of the Department

of Energy data that may be a new headline to drive the market.

Have a Great Trading Day!

Thanks,

Daniel Flynn

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

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