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 February 26th 2013
Remember First Notice Day is coming this Thursday February 28th. 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 3rd 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
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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