Dan Flynn is the writer of The Corn & Ethanol Report, a daily market letter covering grains, energies, and various global issues that are the driving force and backbone of the commodity markets. Contact Mr. Flynn at (312) 264-4374
We kickoff the day with Housing Starts & Permits at 7:30 A.M. followed with API Energy Stocks at 3:30 P.M. and a list of earnings before and after the bell. On the Corn front the market closed lower yesterday and tech earnings have pressured the Corn and other commodity prices after overnight gains. The December Corn is currently trading at 361 ½ which is ¾ of a cent lower. The trading range has been 363 ½ to 361 ½.
On the Ethanol front the December contract is currently trading at 1.250 which is .004 lower. The trading range has been 1.254 to 1.250 with 46 contracts changing hands and Open Interest dropping to 1,293 contracts. The market is currently showing 2 bids @ 1.247 and 2 offers @ 1..247.
Have a Great Trading Day!
Questions? Ask Dan Flynn today at 312-264-4374