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
Thursday March 21st 2013
More Arctic air and snowy conditions that is making spring feel like the middle of January. Today’s sun is tricky because the blue skies are beautiful however the wind chill goes right to your bones. In the overnight electronic session the May Corn is currently trading at 729 which is 3 ½ cents lower as I write. The trading range has been 732 ¾ to 728 so far. I still am pontificating that this new crop will be stressed even before it is in the ground. The weather will most surely hamper plantings as farmers will head to the fields as early as possible. Expect delays…. Stay Tuned!
On the Energy Front the May Crude Oil is currently trading at 9324 which is 26 points lower in the overnight electronic session. The trading range has been 9353 to 9279 so far. The Crude is easing off bullish weekly inventory data released Tuesday night and Wednesday morning. Still quiet on the Ethanol Front as Natural Gas and Shale are the hot topic making the headlines as a better alternative Energy source.
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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