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
Friday March 15th 2013
In the overnight electronic session the May Corn is currently trading at 716 which is a ½ of a cent lower as I write. The trading range has been 717 ½ to 713 ½ so far. I was surprised we saw the selloff that happened. I still remain bullish long-term. Buckle up your chinstrap and enjoy the ride. And expect more volatility as we get closer to plantings.
On the Energy Front the April Crude Oil is currently trading at 9354 which is 51 points higher as I write. The trading range has been 9369 to 9303 so far. I am looking for a top in the market at these levels.
Natural Gas continues to be the king of the news while Ethanol has lackluster interest at this time with the April contract trading at 2.628 which is unchanged with a trading range of 2.645 to 2.628 so far.
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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