Currently viewing the tag: "Daniel Flynn"

Talking to sources and farmers alike it looks like we saw some holding back on Corn to induce higher prices and with a record crop anticipated and a lot more carryover we may see due to farmers planting More Corn for the Ethanol Mandate which drove prices to high levels. Now looking at a record [...]

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Hurricane Cristobal is heading north as Disturbance number 1 is likely to hit South Texas or Mexico. The second Tropical Wave is located over the eastern Caribbean Sea and the third Disturbance that has us traders watching is moving off the west coast of Africa. In the overnight electronic session the October Natural Gas is [...]

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The fear of Hurricane Cristobal slamming the Gulf of Mexico has subsided as it did an end run and is headed up the eastern seaboard. There are two other Disturbances that are keeping the attention of Natural Gas traders. In the overnight electronic session the October contract is currently trading at 3.987 which is .038 [...]

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Cristobal with sustained winds at 65 knots is still a threat to enter the Gulf of Mexico even though the percentages are dwindling as the course of the storm seems to be heading towards the eastern seaboard according to the latest radar data. It may be a near miss and still has Natural Gas traders [...]

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Cristobal is veering to his left and veering to his right like a running back avoiding oncoming tacklers. The latest data and the path of the storm has everybody guessing if it will hit the gulf. It is still putting fear in the Natural Gas traders as the September contract is currently trading at 3.906 [...]

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Recent weather and cheap prices has become attractive to new buyers. The Wheat market has led the way with overall global demand versus global supplies have raised an eyebrow that became the shot in the arm the Grain complex needed to rally. In the overnight electronic session the September Corn is currently trading at 363 [...]

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As we brace for hot and humid weather that we should have expected well before the upcoming Labor Day weekend. The Farmer’s Almanac predicted a colder winter and another hotter summer. These extremes are not what the doctor ordered. Grain prices are doing their best to rebound in this oversold market. Fundamentally Wheat should lead [...]

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In the overnight electronic session the September Corn is currently trading at 360 ¼ which 2 ¼ cents lower. The trading range has been 362 to 359 ¾ so far. The oversold market is looking for a reason to bounce and just can’t seem to find a reason with the weather and now harvest approaching [...]

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As we look ahead to a record Grain crop we have to think what competitors are thinking. Will they hold back at these price levels? Most likely they will. The only good sign I see at the moment is cheaper prices for feed in the Livestock sector. In the overnight electronic session the September Corn [...]

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As last week’s Crop Production and USDA Supply/Demand projected numbers this Corn crop will exceed 14 billion bushels topping last year’s harvest. In the overnight electronic session the September contract is currently trading at 369 ½ which is 3 ¾ cents higher. The trading range has been 370 to 365 so far. The market is [...]

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The record Corn crop numbers are in and even with lighter than expected yields buyers just don’t seem to be lining up at the table. In the overnight electronic session the September Corn is currently trading at 356 ¾ which is 1 ¼ of a cent lower. The trading range has been 358 to 355 [...]

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Yesterday’s report showed record bushels as many had predicted which put a selling frenzy in an already oversold market. Then when traders digested the yield data they came to the realization that there was value at these lower prices and the market found a temporary bottom. In the overnight electronic session the September Corn is [...]

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