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

The word on the street is China came in and bought loads of Soybeans at a big discount in yesterday’s trading session after tough talk in the trade war of words. There is talk that officials from both sides and attempt to avert any such tariff actions. With China hitting back with a shot over the bow implementing duties on key American imports including Soybeans, planes, cars, beef and chemicals. They are not targeting U.S. Treasuries because they no long-term buying U.S. debt is a good investment. So for now it looks like, “The Art of the Deal”, and it is back to the negotiating table. In the overnight electronic session the May Corn is currently trading at 384 which is 3 cents higher. The trading range has been 384 ¼ to 380 ¾. I expect a rebound today.

On the Ethanol front this market was also targeted by the Chinese  even with their ambitions to have a large percentage of Ethanol in their fuel tanks by 2020. In the overnight electronic session the May Ethanol is currently trading at 1.405 which is .005 higher. The trading range has been 1.408 to 1.400. The market is currently showing 2 bids @ 1.402 and 2 offers @ 1.406 with 67 contracts changing hands and Open Interest at 1,065 contracts.

On the crude Oil front the market is treading water at the moment with the May contract currently trading at 6323 which is 14 tics lower. The trading range has been 6379 to 6307. If the U.S. dollar stabilizes we should see the market rally.

On the Natural Gas front warmer temperatures are forecasted for next week which should further pressure the market. In the overnight electronic session the May contract is currently trading at 2.698 which is 2 cents lower. The trading range has been 2.715 to 2.681.

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