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 have Factory Orders at 9:00 A.M. and API Energy Stocks at 3:30 P.M. On the Corn front prices are rising as sales increase but is still dirt cheap at these levels leaving this commodity a very attractive buy for feed and other uses. A wet spring forecasted and cheap prices versus Soybeans could reduce acres of Corn planted. In the overnight electronic session the May Corn is currently trading at 387 which are a ¼ of a cent lower. The trading range has been 377 ¼ to 385 ½.

On the Ethanol front the April posted a trade at 1.495 which is .013 higher with 2 contracts traded and Open Interest is at 1,158 contracts. The market is currently showing 2 bids @ 1.495 and 1 offer @ 1.503.

On the Crude Oil front we have the API Energy Stocks data today and Crude Oil storage levels are in free fall at America’s biggest distribution hub. Traders and investors are starting to realize the glut is gone and tanks at Cushing, Oklahoma, and is holding the least Oil in more than three years as stocks shrank for the 10th straight week. In the overnight electronic session the April Crude Oil is currently trading at 6315 which is 58 points higher. The trading range has been 6328 to 6245.

On the Natural Gas front were trading a little higher because of the winter storm causing havoc across the Plains and Mid-West. I still believe this is a short-term spike due to cold weather in the Dakota’s and Minnesota. In the overnight electronic session the April Natural Has is currently trading at 2.724 which is 2 cents higher. The trading range has been 2.737 to 2.702.

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

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