Posts by: Daniel Flynn

This morning at 7:30 A.M. we have Export Sales and another take on the 1st quarter GDP followed by Chicago PMI at 9:00 A.M. According to AP’s Martin Crutsinger for the second straight year brutal weather in January-March quarter. Also a reeling energy sector and an export slump do to a higher-valued U.S. dollar.   [...]

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With plantings ahead of schedule and quite a bit ahead of the 5 year average we still have to contain with Mother Nature. Rains and cooler temperatures are forecasted in the Corn growing regions Friday and throughout the weekend. In the overnight electronic session the July Corn is currently trading at 351 ¼ which is [...]

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In the overnight electronic session the July Corn is currently trading a little weaker at 353 ½ which is 1 ½ of a cent lower. The trading range has been 356 ½ to 353 so far. Rains have helped some dry growing areas adding further pressure to the market. On the Ethanol front there were [...]

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As I did my Memorial Day tour of Northern Illinois and Southern Wisconsin I saw firsthand how plantings are way ahead of schedule. The Corn is done as far as plantings but the progress in Soybeans really impressed me. This leads to a weather market in the early going. In the overnight electronic session the [...]

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In the overnight electronic session the July Corn is currently trading at 361 ¾ which is 1 ¾ of a cent higher. The trading range has been 363 ¼ to 359 ¾ so far. The market seems to be in short covering mode as we head into the Memorial Day weekend. With the dollar coming [...]

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In the overnight electronic session the July Corn is currently trading at 361 ¼ which is ¾ of a cent lower. The trading range has been 362 ½ to 360 ¼ so far. The ECB announcement to front-load the bond buying program which sent the greenback sharply higher which is bad for exports and the [...]

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The much anticipated selloff happened in the Grain complex after sustaining large gains in this planting season. In the overnight electronic session the July Corn is currently trading at 364 ½ which is 3 ½ cents lower. The trading range has been 368 ½ to 364 ¼ so far. The bearish sentiment in the market [...]

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In the overnight electronic session the July Corn is currently trading at 270 ¼ which is 2 ¼ cents higher at this writing. The trading range has been 371 ½ to 367 ½ so far. The Bureau of Meteorology, Australia’s official weather forecaster predicted an El Nino in coastal waters of Western Australia which is [...]

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In the overnight electronic session the Grain complex is showing some legs. After Tuesday’s report put pressure on the Soybeans and cast a pall on the complex. This morning, however, the Beans look to be forming a bottom and the Wheat is flying high leading the complex. The July Corn is currently trading at 365 [...]

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Now that  the Crop Production and USADA Supply & Demand numbers behind us we should see the complex following weather and demand. In the overnight electronic session the July Corn is currently trading at 360 ½ which is a ½ of a cent lower at this writing. The trading range has been 361 to 358 [...]

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Today we have Export Inspections at 10 A.M. and Crop Progress at 3 P.M. These weekly numbers do effect price action but the Big Daddy of them all is tomorrow’s monthly Crop Production and USDA Supply/Demand data that will keep traders on their toes.  toes. In the overnight electronic session the July Corn is currently [...]

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In the overnight electronic session the July Corn is currently trading at 362 which are a ½ of a cent higher. The trading range has been 362 to 360 ½ so far. Plantings are ahead of schedule and in the areas That need rain in Indiana and Ohio may get their wish this weekend with [...]

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