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 start off the day with Redbook MoM & YoY (27/Mar) at 7:55 A.M., Fed Quarles Speech, S&P/ Case-Shiller Home Price YoY & MoM (JAN), House Price Index MoM & YoY (JAN) at 8:00 A.M., Consumer Confidence (MAR) at 9:00 A.M., 119-Day & 42-Day Bill Auction at 10:30 A.M., Fed Bostic Speech at 11:00 A.M., Fed Williams Speech at 1:00 P.M. and the API Energy Stocks at 3:30 P.M.
On the Corn Front it has been quiet. The Wall Street Journal reported that drivers are back on the road and that is good news for corn growers. Make no mistake about this is good for the energy sector as well.
Remember when the U.S. was a net exporter of crude oil? Let’s hope and pray it goes to the U.S. farmer where I expect and hope to export more. As long as we don’t get into government regulation. FREE MARKETS FOR FREE MEN. Now we look at weather across the globe and understand this is not your Dad’s Pontiac. There is little to none in carryover stocks. I expect the corn & ethanol markets to move way higher!
Unless it is manipulated and regulated by the new administration.
Have Great Trading Day!