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 April 18th 2013
In the overnight electronic session the May Corn is currently trading at 659 ¾ which is ¾ of a cent lower as I write. The trading range has been 662 ¾ to 657 so far. The rains have had an impact flooding regions in its tumultuous path. Even the Chicago River water levels are very high. The rains are also creating sink holes and other destructive interference in its path. The Corn market seems quiet for now but I am anticipating fireworks soon. Stay Tuned!
On the Energy Front the Crude Oil bounced back from the downward spiral it has been trading. In the overnight electronic session the May Crude Oil is currently trading at 8797 which is 129 points higher at this writing. The trading range has been 8802 to 8561 so far. The market seems to be establishing a new channel to trade after the $89 barrier has been breached and we will see if the market will continue to slide. My guess is yes. Stay Tuned!
All quiet on the Ethanol Front in last night’s action or lack thereof but expect higher bids are coming in.
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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