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
Fears of a second wave of COVID-19 are spooking the stock market and the EIA data has the Crude and products in a tailspin as well. The Dow Jones is currently down 500 points with news that COVID 19 is changing the mood of the markets from Tuesday. The corn market is currently trading higher but could go back in the red with favorable weather and may follow the rest of the grain complex which is mostly lower on trade fears in choppy trade. The ethanol market is trading .067 lower in the August contract and the July contract last trade put it up at .038 as volume and Open Interest declines as we move to expiration.
Any questions on trades feel free to call me. Sorry for the short report due to experiencing technical difficulties.
Have A Great Trading Day!