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

Today we have the ISM Non-Manufacturing Index at 9:00 A.M., EIA Energy Stocks at 9:30 A.M. Fed minutes from the March meeting and Dairy Products and Dairy Product Sales at 2:00 P.M.

Last night’s API data showed a bullish spin with Crude Oil inventories down 1.8 million barrels which showed the OPEC production cuts are working despite slow compliance from Iraq and Russia. The Crude Oil shot up through $51 a barrel after the news and this morning’s EIA Energy Stocks could confirm this market is ready to drive upward. In the overnight electronic session the May Crude Oil is currently trading at 5156 which is 53 points higher. The trading range has been 5171 to 5111.

On the Natural Gas front yesterday’s rally was caused as rumor has it and the stories of why we would be up so much in shoulder season is that nuclear power plants were under maintenance and to overhaul for future grid usage. In the overnight electronic session the May Natural Gas is currently trading at 3.268 which is 2 ½ cents lower. The trading range has been 3.295 to 3.262.

On the Ethanol front the April contract expires today and there were no trades posted in the complex in the overnight electronic session. The May contract settled at 1.649 and is currently showing 1 bid @ 1.634 and 1 offer @ 1.658 with Open Interest at 3100 contracts.

On the Corn front the Grain complex is trading higher after a January and February light winter and no measurable snow to speak of. How the winds have changed in this planting season with the weather outside frightfull and we are expecting snow, snow and possible accumulations in some growing areas. In the overnight electronic session the May Corn is currently trading at 364 ½ which is 1 ½ of a cent higher. The trading range has been 365 ¼ to 362 ¾.

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.