Currently viewing the tag: "The Corn & Ethanol Report"

On tap for today we have Existing Home Sales at 9:00 A.M., EIA Energy Stocks at 9:30 A.M., Dairy Product Sales at 2:00 P.M. and more earnings. Last night’s API Energy Stocks showed declines in Oil Stocks and the market just did not seem to rally as expected ahead of Thursdays OPEC meeting which a […]

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The Crop Progress and Condition report failed to sway the bears into any short covering even with the heavy short positions the carry. Even with predictions of further wet and cool spring which may reduce acreage and yields. In the overnight electronic session the July Corn is currently trading at 372 ¼ which is 2 […]

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The weather forecasted ahead and what was endured over the weekend has the Grain complex climbing higher since sinking into the abyss. In the overnight electronic session the July Corn is currently trading at 373 ½ which is 1 cent higher. The trading range has been 374 ¾ to 371 ¾. We had no trading […]

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Iranian Elections Drive Crude Oil

On May 19, 2017 - 7:53 AM By

The Iranian elections has driven Crude Oil to the breakout point to the upside and the market is pricing in fear premium if the new Iranian president scoffs at the Nuclear Deal made with the prior administration and locks horns with President Trump. We also have the June contract closing in on expiration. In the […]

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This morning we kickoff the day with Export Sales and Initial Jobless Claims at 7:30 A.M. and the EIA Gas Storage at 9:30 A.M. which the Thomson Reuters weekly poll of 22 analyst forecast injection numbers from 47 bcf to gg bcf with the average 61 bcf. This compares to builds of 45 bcf last […]

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The API weekly Energy Stocks showed builds of 882 thousand barrels with the street looking for draws of 2.2 million barrels. This bearish number could not squash the headlines earlier in the week with Saudi Arabia and Russia agreeing on extending production cuts. Also news on fracking that should give equilibrium to make up the […]

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While investors watch the Crude Oil market and try to digest every headline we have more economic reports coming out this morning starting with Housing Starts and Permits at 7:30 A.M. followed with Capacity Utilization and Industrial Production at 8:15 A.M. And at 3:30 P.M. we have the weekly API Energy Stocks which could start […]

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We have merger talks in the markets this morning and we have Export Inspections at 10:00 A.M. with NOPA Crush at 11:00 A.M. and Crop Progress In the overnight electronic session Corn just does not seem to want to budge at this time with heavy carryover market at this time. In the overnight electronic session […]

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Goofy weather since January that was showing signs of global warming or climate change. All it is showing me that we are in a weather cycle changed that we have experienced several times after the dinosaurs were long gone no matter what Al Gore or his mad scientist  tells you. The crazy cycle we are […]

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After yesterday’s USDA Grain report there is nothing to report here. Do not mind that man behind the curtain there is nothing to see here. The numbers were very disputable but as a trader and devil’s advocate on Crude Oil prices we will eventually come back to reality and the Free Markets will wake up […]

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On the Grain front the market braces for more news and a change to warmer temperatures could help further plantings but light rains are also forecasted to accompany the welcomed warmth. At 11:00 A.M. C.S.T. we have the monthly Crop Production USDA Supply/Demand data. In the overnight electronic session the July Corn is currently trading […]

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This morning we start the day with Wholesale Trade report at 7:30 A.M and API Energy Stocks later at 3:30 P.M. As we see more rain and cooler than average temperatures last night’s Crop Progress showed Corn 47 % planted versus 61 % last year and the average of 52 % planted putting us below the […]

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