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 Consumer Inflation Expectations at 10:00 A.M., 3 @ 6 –Month Bill Auction at 10:30 A.M. And U.S-China Trade Talks as we close in on signing Phase 1 of the deal which should bolster the slumping Ag markets. In the overnight electronic session the March Corn is currently trading at 388 ½ which is 2 ¾ cents higher. The trading range has been 388 ¾ to 385 ½.
On the Ethanol front the February contract is currently trading at 1.352 which is .008 higher. The trading range has been 1.352 to 1.348. The market is currently showing 1 bid @ 1.352 and 1 offer @ 1.356 with 4 contracts traded and Open Interest at 439 contracts.
Have a Great Trading Day!
Questions? Ask Dan Flynn today at 312-264-4374