Daniel Flynn
About The Author

Daniel Flynn

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

We will have a busy week ahead of us as always with the first week of the month. This morning we start with Construction Spending and ISM Manufacturing Index and 9:00 A.M. New York Fed president William Dudley and Richmond Fed president Jeffrey Lacker speaking today at different venues but may drop hints of Fed policy in the future. We will have plenty to chomp on all week before Friday’s Unemployment number.

The Grains seem to be trading higher with heavy rains postponing their plans of getting a good jumpstart on plantings. In the overnight electronic session the May Corn is currently trading at 367 ½ which is 3 ¼ cents higher. The trading range has been 367 ¾ to 365 ½.

On the Ethanol front there were there were no trades posted in the overnight electronic session. The May contract settled at 1.619 and is currently showing 2 bids @ 1.627 and 2 offers @ 1,650 with climbing Open Interest at 3,285 contracts.

On the Crude Oil front the market is coming in higher showing a little follow through from last week’s rally above $50 a barrel. In the overnight electronic session the May Crude Oil is currently trading at 5075 which is 15 points higher. The trading range has been 5083 to 5049.

On the Natural Gas front the market is trading higher again in the overnight electronic session but is pushing to new lows. The May contract is currently trading 321 which is 2 cents higher. The trading range has been 3.239 to 3.206.

Have a Great Trading Day!
Dan Flynn


Questions? Ask Dan Flynn today at 312-264-4374

View The Corn & Ethanol Report Archiveswww.pricegroup.com

A Subsidiary of Price Holdings, Inc. – an Employee Owned Diversified Financial Services Firm. Member NIBA, NFA

Past results are not necessarily indicative of future results. Investing in futures can involve substantial risk of loss & is not suitable for everyone. Trading foreign exchange also involves a high degree of risk. The leverage created by trading on margin can work against you as well as for you, and losses can exceed your entire investment. Before opening an account and trading, you should seek advice from your advisors as appropriate to ensure that you understand the risks and can withstand the losses.

The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or futures. The Price Futures Group, its officers, directors, employees, and brokers may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction. Reproduction and/or distribution of any portion of this report are strictly prohibited without the written permission of the author. Trading in futures contracts, options on futures contracts, and forward contracts is not suitable for all investors and involves substantial risks. ©2017

Leave a Reply

Your email address will not be published. Required fields are marked *

Security Question * * Time limit is exhausted. Please reload CAPTCHA.