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 March 5th 2013
As we await the punch of a winter storm that will affect millions, the Corn market is trading higher in the overnight electronic session. The May contract is currently trading at 705 ¾ putting it up 2 ½ cents at this writing. The trading range has been 707 ¾ to 702 ½ so far. The market has seen mostly supportive trade going into Fridays reports. Stay Tuned!
On the Energy Front the April Crude Oil is currently trading at 9054 which is 42 points higher as I write in the overnight electronic session. The trading range has been 9070 to 9012 so far. We will have API weekly inventories tonight at 3:3-0 PM followed by the IEA at 9:30 tomorrow morning.
The Ethanol market basis April is currently trading at 2.405 which is .006 points lower in the overnight electronic session. This is in very light trade as that was the only trade posted.
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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