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 kickoff the day with Business Inventories and Retail Sales at 7:30 A.M., Export Inspections at 10:00 A.M., NOPA Crush at 11:00 A.M. and Crop Progress at 3:00 P.M. The U.S. is expected to give a fresh round of sanctions to Russian companies that supply materials for chemical weapons to Syria. We can expect that to come today. In the overnight electronic session the May Corn is currently trading at 384 ½ which is 1 ¾ of a cent lower. The trading range has been 385 to 392¼. The weather has been brutal for this time of year and further delaying farmers chances to plant.

On the Ethanol front there were no trades posted in the overnight electronic session. The May contract settled at 1.488 and is currently showing 1 bid @ 1.492 and 5 offers @ 1.503 with Open Interest dropping to 867 contracts as rollovers to the June contract was active in Friday’s trading session.

On the Crude Oil front the market sold off after the reality set in after the airstrike on Syria. A round of selling came in after the European markets opened. In the overnight electronic session the May Crude Oil is currently trading at 6650 which is 89 points lower. The trading range has been 6768 to 6609.

On the Natural Gas front the market is supported due to a spring winter blast. In the overnight electronic session the May Natural Gas is currently trading at 2.750 which is 1 ½ of a cent higher. The trading range has been 2.771 to 2.739.

Have a Great Trading Day!
Dan Flynn

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