The Corn & Ethanol Report 3/1/13

Good Morning!

Thank God February is over and we look ahead to March Madness and dreams of spring with the plants a blooming especially the Grain Complex in this drought continuation. In the overnight electronic session the May Corn is currently trading at 702 which is 1 ½ cents lower as I write. The trading range has been 707 ½ to 700 so far. Again traders are looking at South American harvest and weather prospects weighing in on the current late moisture that has saturated the ground which could improve the crops chances going into our summer. Traders will me mulling late plantings and welcome moisture as it may delay plantings or overall be beneficial to the crop in the long run in this dry period. Planting on soil versus planting on concrete makes a world of difference.

Stay Tuned!

On the Energy Front the April Crude Oil is currently trading at 9108 which is 98 points lower as I write in the overnight electronic session. The trading range has been 9197 to 9044 so far. The market looks heavy and may test support at the $89 level soon and if it achieves the objective it may try a new leg down.

Buckle up your chinstrap!

Free Markets for Free Men!

Have a Great Trading Day!

Thanks,

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

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