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

Slow day in the Grain complex as we do not expect any new happenings before Friday’s Crop Production, Grain Stocks, USDA Supply/Demand and Winter Wheat Seedings. A Thomson Reuters poll of analyst Corn end-stocks predict the USDA number will come in averaging 2.431 billion bushels with high estimate of 2.550 bb and the low 2.263 bb The December USDA came in at 2.550 bb. Analysts own estimates averaging Corn end-stocks average of 2.407 bb with the high at 2.550 bb and the low 2.295 bb. In the overnight electronic session the March Corn is currently trading at 248 ¼ which is 1 cent higher. The trading range has been 348 ½ to 347 ¼.

On the Ethanol front the February contract is currently trading at 1.324 which is /019 higher in the overnight session. The trading range has been 1.328 to 1.323 with estimated volume at 17 contracts and Open Interest at 1,549 contracts. The market is currently showing 1 bid@ 1.315 and 1 offer @ 1.322.

On the Crude Oil front we were very active in the overnight electronic session. We have the weekly API number today and whispers continue to talk further draws. Ideally in today’s trading session we would like to see a close above $62 a barrel. The February contract is currently trading at 6207 which is 34 points higher. The trading range has been 6256 to 6180. I do anticipate further draws and the possibility of sanctions on Iran could further stir the geo-political pot.

On the Natural Gas front the market is trading higher with the February contract currently trading at 2.900 which is 6 ½ cents higher in the overnight electronic session. The trading range has been 2.924 to 2.828. I been burned before and really want to back pedal when recommending to buy with weather forecasts continually changing and producers happy to let loose on product above $3.

Have a Great Trading Day!
Dan Flynn
Questions? Ask Dan Flynn today at 312-264-4374

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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. ©2018

Questions? Ask Dan Flynn today at 312-264-4374         A Subsidiary of Price Holdings, Inc. – a 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. ©2018