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 start off the day with Business Inventories, Export Sales, Retail Sales, Empire state Manufacturing Index at 7:30 A.M., Michigan Consumer and Inflation Reports at 9:00 A.M. NY Fed Treasury Purchases 0 to 2.25 yrs. at 9:30 A.M., NOPA Crush at 11:00- A.M., Fed Williams Speech at 11:20 A.M., Baker Hughes Oil & Total Rig Count at 12:00 P.M., Monthly Budget Statement at 1:00 P.M., and the World Bank/IMF Annual Meeting continues.

On the Corn Front Chinese corn gets cheaper and regain its losses from wheat and feed rations. Let’s try and paint a picture to this… Shall we… This information is not good news to the bulls as the U.S. consumer pays more and the government is supposed to be the traffic police officer and they could not navigate a one car funeral. And if you look at logistics what was achieved after this rough hurricane season, we got free enterprise go down the Mighty Mississippi and we can get ships to load and unload cargos with product off the shores of California, we have a trucking problem to move product. Higher prices and food shortages? Something is missing here. But we are Americans, and this is unfolding right in front of our eyes. I am confident in the American Spirit… We will overcome these problems. In the overnight electronic session, the December Corn is currently trading at 523 ½ which is 6 3/$4 cents higher. The trading range has been 524 ¾ to 514 ¼.

Have A Great Trading Day & Weekend!
Dan Flynn

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