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 30th 2013
In the overnight electronic session the Grain Complex is showing a bullish consensus that is
spilling over as well in the Energy sector. Could it be crazy weather patterns and or typical
patterns of concerns in the Middle-East.
The March Corn is currently trading at 735 ¾ which is 6 ¼ cents higher as I write. The trading
Range has been 739 to 725 ½ so far. The strange weather patterns in this current drought
conditions has been the backbone to this unexpected rally. Look Out for Pull Backs!
I continue to remain bullish overall.
On the Energy Front the March Crude Oil is currently trading at 9785 is 28 points higher in the
overnight electronic trading session at this writing. The trading range has been 9824 to 9732 so far.
Traders concerns are with unrest in Egypt and fears of flow of commercial trade in the Suez Canal
not to mention weather patterns. We are technically are on the high side of the congestive trading
range , however breaking news can change the charts in a heartbeat.
We have a lot of economic data to be released today and the Fed announcement to be released
this afternoon should shake, rattle and roll the markets.
Have a Great Trading Day!
The PRICE Futures Group
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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