Posts by: Daniel Flynn

Surprise. Surprise. Surprise! Everybody picks a horse and only one can win. And to the surprise of many traders that thought they had picked the thoroughbred ended up counting their blessings if they showed or placed after expecting they picked a winner. Corn, Soybean and Wheat data through all traders for a loop as we [...]

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Of course at 9:00 A.M. this morning we have the Chicago Purchasing Managers Index and Consumer Confidence. But at 11:00 A.M. we have the Big Kahuna kicking off the Grain season with Grain Stocks and Prospective Plantings. The complex bounced around like crazy yesterday with funds and commercials squaring and or lightening up on positions. [...]

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This morning at 7:30 we Personal  Income and at 10:00 weekly Export Inspections. Tuesday we have Chicago PMI and Consumer Confidence at 9:00 and at 11:00 we have huge Grain Socks and Prospective Plantings data that has traders awestruck at the moment and finally API Energy Stocks at 3:30 P.M. Wednesday April 1st we have [...]

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The gains in the grains momentum has slowed down for now. Export Sales were not as attractive as they were last week.  Also iffy global economic data is contributing to the negative sentiment. In the overnight electronic session the May Corn is currently trading at 389 33/4 which is 1 ½ of a cent lower. [...]

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In the overnight electronic session the May Corn  is currently trading at 374 which is a ½ of a cent lower. The trading range has been 376 to 372 ¾ so far. Weekly exports came in 561,100 tons with China purchasing 9,700 tons. The 3 things this market is eyeballing are weather, Prospective Plantings and [...]

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The FED spoke and did not raise interest rates. However, fingers were pointed and the quote was patience is running out on when to raise interest rates. In other words, when are they going to drop the bomb? We know if the U.S. dollar continues to rise and we raise interest rates U.S. exports will [...]

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To raise rates or not to raise rates that is the burning question to traders this Wednesday morning. Prognosticators are expecting the FED to raise rates for the first time in a decade which should bring some volatility to the marketplace. In the overnight electronic session the May Corn is currently trading at 373 ½ [...]

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In the overnight electronic session the May Corn is currently trading at 377 ¼ which is 1 ¾ of a cent lower. The trading range has been 379 ¾ to 377 so far. The market is looking heavy at the moment with the U.S. dollar sky-rocketing that is hurting exports and lower Ethanol production makes [...]

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The market place is Fed-watching as the St. Patrick’s Day meeting approaches. Do they continue to kick the can down the road and say no interest rates rise until June? The market is absorbing all the information and mis-information that the Fed and European Central banks are throwing at his market. In the overnight electronic [...]

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Remember to expect the unexpected on expiration days as the March contract has its last hurrah today. Be focused and prepared for any sort of a squeeze play. In the overnight electronic session the May Corn is currently trading at 388 which is ½ of a cent lower. The trading range has been 389 ¾ [...]

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Argentina farmers are staging a 3 day no sell strike while Brazilian truckers are having talks with the government to get relief on high Gas prices. Things are not moving as swimmingly as you would wish negotiations to swim. Which is making the U.S. market more attractive and after Tuesday USDA Supply/Demand data showed a [...]

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Yesterday’s Grain data was not a complete surprise but did show somewhat of a mixed bag of tricks in the Grain Complex. Especially Corn where politicians put Ethanol in the spotlight again. Geez! I guess they need something to drive the Iowa farmers and caucus. The bottom line is we are swimming in product with [...]

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