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 N.Y. Empire State manufacturing Index at 7:30 A.M., NAHB Housing Market Index at 9:00 A.M., Export Inspections at 10:00 A.M., 3&6-Month Bill Auction at 10:30 A.M.,NOPA crush at 11:00 A.M., Fed Kashkari Speech at 1:00 P.M., U.S. Overall Net Capital Flows, Foreign Bond Investment and Net Long-Term Tic flows at 3:00 P.M. News in the early going is that China is considering Ag purchases in early March which has gotten some excitement back in the market. In the overnight electronic session the March Corn is currently trading at 379 ¾ which is 2 cents higher. The trading range has been 382 to 378.
On the Ethanol front there were no trades posted in the overnight electronic session. The March contract settled at 1.358 and is currently showing 1 bid @ 1.364 and 2 offers @ 1.380 with Open Interest dropping to 263 contracts.
Have a Great Trading Day!
Questions? Ask Dan Flynn today at 312-264-4374