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

The changing weather extremes depending in what part of the country you are in it is feast or famine, drought or floods. This morning we have Export Inspections at 10:00 A.M., NOPA Crush at 11:00 A.M. and Crop Progress at 3:00 P.M. In the overnight electronic session the September Corn is currently trading at 375 ¼ which is 1 cent lower. The trading range has been 376 ¼ to 370 ½.

On the Ethanol front there were no trades posted in the overnight electronic session. The August contract settled at 1.538 and is currently showing 2 bids @ 1.541 and 5 offers @ 1.555 with Open Interest declining to 904 contracts.

On the Crude Oil front $47 is key resistance to punch through and trigger stops to $50 a barrel. The August contract is currently trading at 4643 which is 11 points lower. The trading range has been 4688 to 4636.

On the Natural Gas front the market is trading higher on forecast of hot temperatures moving into the Mid-West. In the overnight electronic session the August contract is currently trading at 3.005 which is 2 ½ cents higher. The trading range has been 3.028 to 2.980.

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.