About The Author

Daniel Flynn

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 HO HO HO day with Red Book at 7:55 A.m., 5-Year Note Auction and Richmond Fed Manufacturing Index at 9:00 A.M. and API Energy Stocks at 3;30 P.M. We have a lot to be thankful for this Christmas as we weathered and navigated through a tough 2019 and 2020 looks bright and should get off to a good start we trade deals coming into fruition. On the Corn front we have quiet trade with the March contract only having a 1 cent trading range. The market is currently trading at 388 ½ which is a ¼ of a cent lower. The trading range has been 389 to 388.

On the Ethanol front we saw action in the January, February and March contracts as we start to see rollovers and a sign the industry is seeing a potential turnaround with the China trade deal with China possibly importing billions of gallons of Ethanol. The January contract is currently trading at 1.363 which is .025 lower. The trading range has been 1.399 to 1.363. The market is currently showing 1 bid @ 1.363 and 1 offer @ 1.398 with Open Interest dropping to 110 contracts.

On the Crude Oil front the market is chugging along currently trading at 6080 which is 28 points higher. The trading range has been 6087 to 6047. While the Natural Gas continues to sink with unseasonable warm temperatures in the Midwest. The January contract is currently trading at 2.184 which is 3 cents lower. The trading range has been 2.223 to 2.175. Providing producers with their worst fears, sub $200 Natural Gas.

Merry Christmas!
Dan Flynn

 

Questions? Ask Dan Flynn today at 312-264-4374