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 butcher in Damascus is at it again gassing innocent civilians. And of course who sides with Syrian dictator, Iran and Russia, what a surprise. I guess misery loves company. However, this put the vast commodities market in the green. In the overnight electronic session the May Corn is currently trading at 340 which is 1 ½ of a cent higher. The trading range has been 391 ½ to 388 ¾. With current weather conditions and snow in Chicago these conditions will hamper plantings and the weather forecast calls for temperatures in the 70’s later in the week but the ground will still be hard no matter what time the farmers spent cultivating the ground. They will be working at a disadvantage so I expect prices to rise.

On the Ethanol front the May contract is currently trading at 1.436 which is .002 higher. The trading range has been 1.436 to 1.415. 21 contracts traded and Open Interest is at 1,068 contracts. The market is currently showing 2 bids @ 1.436 and 3 offers @ 1.440.

On the Crude Oil front geo-political fears are making this market move. And if there is any solution to the tariff war this market could jump $10 in a heartbeat. In the overnight electronic session the May Crude Oil is currently trading at 6274 which is 68 tics higher. The trading range has been 6280 to 6193.

On the Natural Gas front investors are wary that weather forecasters are predicting more seasonable weather later in the week. This could drive bulls to the exits. In the overnight electronic session the May Natural Gas is currently trading at 2.686 which is 1 ½ of a cent lower. The trading range has been 2.699 to 2.669.

Have a Great Trading Day!
Dan Flynn

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

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