Posts by: Daniel Flynn
Good Morning! In the overnight electronic session the July Corn is currently trading at 643 ¾ which is 2 ¼ cents higher as I write. The trading range has been 644 ½ to 641 ½ so far. Right now farmers are in a race with the clock to get plantings behind them. Rains and another [...]
Continue Reading →Good Morning! In the overnight electronic session the July Corn is currently trading at 651 ½ which is ¾ of a cent higher as I write. The trading range has been 651 ¾ to 648 ½ so far. Farmers are playing catch up with plantings as we have had more seasonable weather in the Corn [...]
Continue Reading →Good Morning! In the overnight electronic session the July Corn is currently trading at 650 ½ which is 2 cents lower as I write. The trading range has been 652 ¾ to 649 ½ so far. With the warmer weather despite the rains this market will be susceptible to breaks to the downside. The market [...]
Continue Reading →Good Morning! In the overnight electronic session the July Corn is currently trading at 655 ¾ which is a ¼ of a cent higher as I write. The trading range has been 657 ¾ to 651 so far. Mother Nature continues to show her fickle nature in this growing year. With the Chicago area temperatures [...]
Continue Reading →Good Morning! In the overnight electronic session the July Corn is currently trading at 639 which is 2 ¾ cents higher as I write. The trading range has been 640 ½ to 632 ½ so far. The market is trading higher mainly on cooler temps than rain. The rains forecasted did not really put a [...]
Continue Reading →Good Morning! The Corn rallied on weather yesterday. The market is was rallying on cooler temps and rain which these two factors will not be conducive to get the farmers in the fields and get the crop off to a good start. In the overnight electronic session the July Corn is currently trading at 646 [...]
Continue Reading →Good Morning Today we have the weekly inventory number on Natural Gas which last week’s data threw a curveball and the market corrected. This is definitely in the short term in a market that is not only Technically but Fundamentally bullish. Today’s EIA data may show this after last week’s surprise regardless of weather. In [...]
Continue Reading →In the overnight electronic session the July Corn is currently trading at 638 ¼ which is 1 ¾ cents lower. The trading range has been 643 to 637 so far. As farmers scramble to catch up on plantings the marketplace is trying to guess what Mother Nature has in store for us next. Cooler temps [...]
Continue Reading →Good Morning! In the overnight electronic session the July Corn is currently trading at 636 ¼ which is ¼ of a cent lower as I write. Better weather than anticipated had the farmers head to the fields in certain areas which led to the profit taking selloff in Monday’s trading session. The trading range in [...]
Continue Reading →Good Morning! Happy Friday! As we mark the first Friday of May and are hoping to break out of our winter habitat we look ahead to the monthly Unemployment number due out at 7:30 A.M. C.S.T. While Factory Orders and ISM Non-Manufacturing Index will be released at 9:00 A.M. C.S.T. Also to factor is we [...]
Continue Reading →Good Morning! The European Central Bank did in fact cut its benchmark interest rate to 0.5% which is the lowest level on record and was anticipated by speculators. This is the lowest level on record which is another bid to help the Eurozone’s ailing economy reported by Fox Business. Now that the expected happened once [...]
Continue Reading →Good Morning! Happy May Day! As we round the Maypole hoping and anticipating warmer sunnier temperatures the Corn market looked to weather and maybe Monday’s limit up move may have been priced in. Remember we have the FED speaking and the ECB to follow in our evening session. With China’s manufacturing number missing expectations, could [...]
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