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 weather outside is frightful, with the snows coming back. Farmers don’t like the cash price and incentive to go outside and move product at a discount. There is just no motivation, Let it snow, let it snow, let it snow. In the overnight electronic session the March Corn is currently trading at 431 ½ which is 2 ¾ cents lower. The trading range has been 435 to 431 ¼ so far. Prices continue to ease in this early winter season and is more than a shock to the system. Stay Tuned!
On the Energy front the January Crude Oil is currently trading at 9701 which is 49 points lower. The trading range has been 9762 to 9693 so far. The market seems destined to selloff to at least $88 with all of supply on hand and more product that will surge next week. Stay tuned!
On the Natural Gas front the January contract is currently trading at 4.371 which is down .038. The trading range has been 4.391 to 4.341 so far. The prices are reflecting a move that was made fast and furious. Expect continue demand will drive this market to new highs and the end of the game. Stay Tuned!
On the Ethanol front the January contract is currently trading at 1.795 which is .035 points lower. The trading range has been 1.818 to 1.787 so far. The ethanol Mandate is the political football driving this market and the Corn.
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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