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

With the European markets back in action today there will be more volume of trades and the fear factor of tariffs and high-tech espionage rattled the markets yesterday after a long Easter weekend. At the moment the market is showing me that it cannot justify the overreaction of yesterday’s selloff. However, the market is always right. President Trump and his administration is moving on fair trade and foreign policy and the changes look to benefit the American worker and consumer. Let’s see how this chapter works out. On the Corn front the market is treading water and in the overnight electronic session the May Corn is currently trading at 387 ¼ which is unchanged. The trading range has been 388 ½ to 386 ¾. We also need a break in the weather to bring spring temperatures so the farmers can begin to cultivate the fields.

On the Ethanol front China said it would slap on an extra 15% tariff on U.S. Ethanol with duties already at 30%. If they are serious about their ambitions to have the percentage of Ethanol in their fuel by 2020 and expect Grains for feed and human consumption with the agriculture markets the way they are globally this year across the globe you can expect China to not be a Barney Fife and shoot themselves in the foot. The long and short, they will come back to the table and break bread. No pun intended. In the overnight electronic session the May Ethanol is currently trading at 1.419 which is .008 lower. The trading range has been 1.427 to 1.400.

On the Crude Oil front Genscape found more supply than previously expected in Cushing, Oklahoma and with light volume and the Stock Market taking a beating the Crude Oil and Products eventually followed suit. The fundamentals are still there to have the market trade higher and get back into balance regardless of tariff or trade war talk, cooler heads will prevail. At 3:30 P.M. we have the weekly API Energy Stocks that could bring a dose of realty back in the marketplace. In the overnight electronic session the May Crude Oil is currently trading at 6331 which is 30 points higher. The trading range has been 6357 to 6286.

On the Natural Gas front it is the same old song. In the overnight electronic session the May contract is currently trading at 2.683 which is unchanged. The trading range has been 2.691 to 2.667. If the weather finally breaks so will this market to reach the Cash market.

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