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 kick-off the day with GDP and Advanced Trade in Goods at 7:30 A.M., Pending Home Sales at 9:00 A.M., EIA Energy Stocks at 9:30 A.M. and Dairy Product Sales at 2:00 P.M. On the Corn front the May contract is currently trading at 373 ½ which is a ½ of a cent lower. The trading range has been 375 to 372 ½. The market may have another quiet session ahead of tomorrow’s quarter end that could get the funds rolling with Export Sales, Grain Stocks and Planting Intentions.

On the Ethanol front the May contract is currently trading at 1.454 which is .008 higher. The trading range has been 1.458 to 1.452. The market is currently showing 1 bid @ 1.458 and 2 offers @ 1.458. 8 contracts changed hands and Open Interest is at 949 contracts.

On the Crude Oil front last night’s API showed builds in Crude of 5.32 million barrels, Gasoline stocks down 5.80 million, Distillates down 2.24 million and Cushing up 1.66 million. The large builds could be sales of 7 million barrels from the Strategic Petroleum Reserve (SPR) while the EIA Energy Stocks could paint a different picture this morning. In the overnight electronic session the May Crude Oil is currently trading at 6478 which is 47 points lower. The trading range has been 6498 to 6438.

On the Natural Gas front the market should be in sell-off mode with yesterday’s spike with the April contract expiring yesterday. In the overnight electronic session the May contract is currently trading at 2.704 which is 1 cent lower. The trading range has been 2.731 to 2.695.

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

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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