The Corn & Ethanol Report 2/26/13

The Dan Flynn Corn & Ethanol Report

Tuesday February 26^th 2013

Good Morning!

Remember First Notice Day is coming this Thursday February 28^th. I will be switching my basis to the May contract. In the overnight electronic session the May Corn is currently trading at 687 ¼ which is

1 ¾ cents higher at this writing. As we will be getting more snow coverage which will help saturate the soil and be a positive for growing conditions could ease prices. Stay Tuned!

On the Energy Front the April Crude Oil is currently trading at 9214 which is 97 points lower as I write in the overnight electronic session. The trading range has been 9265 to 9192 so far. The market eased off on two factors one was news from the U.S. Coast Guard that ships were finally moving in the Houston Channel and the break in the Stock Market on elections in Italy may not have a strong government consensus which worried Wall St. with 3^rd largest economy in the Euro-Zone could create further havoc in this ongoing currency crisis.

Buckle up your chinstrap and trade!

Have a Great Trading Day!

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

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