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

As we fit in a lot of reports in this shortened Easter week. We have Export Sales, Jobless Claims and Personal Income at 7:30 A.M., Chicago PMI at 9:00 A.M., EIA Gas Storage at 9:30 A.M., Grain Stocks and the much-anticipated Prospective Plantings at 11:00 A.M. followed up with Hogs & Pigs at 2:00 P.M. If that is not enough it is quarter end and the funds should be busy taking profits. In the overnight electronic session the May Corn is currently trading at 374 ¾ which is 1 ¼ of a cent higher. The trading range has been 375 ¼ to 373 ¾. On the Ethanol front the May contract is currently trading at 1.449 which is .004 higher. The trading range has been 1.449 to 1.447. 6 contracts traded and Open Interest is at 920 contracts. The market is currently showing 1 bid @ 1.449 and 1 offer @ 1.454. On the Crude Oil front after a bullish Energy Stocks number the market rallied to new highs and then to new lows following the news from Tesla and Zuckerberg that put the Stock Market in another panic mode. When the smoke clears I expect another leg up. In the overnight electronic session the May Crude Oil is currently trading at 6433 which is 5 points lower. The trading range has been 6485 to 6419. On the Natural Gas front continued cooler than normal temperatures seem to be the only thing supporting this market. Even though Easter is early this year, it is pegged to be the coldest in 40 years. In the overnight electronic session the May contract is currently trading at 2.738 which is 4 cents higher. The trading range has been 2.748 to 2.698.

Happy Easter!
Dan Flynn
Questions? Ask Dan Flynn today at 312-264-4374

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Questions? Ask Dan Flynn today at 312-264-4374