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 today with NY Fed Treasury Purchases TIPS 1 to 7.5 yrs. at 9:30 A.m., Fed Waller Speech at 9:45 A.M., Fed Clarida Speech at 11:15 A.M., Baker Hughes Oil & Total Rig Count at 12:00 P.M., and Cattle on Feed at 2:00 P.M.

On the Corn Front the futures rallied early on fresh new buying from funds. The market did erase those early gains as the market will continue to need bullish news to get this party started. And that would be exports that also showed signs of life. The volatility continues the wild swings just like the Full Blood Lunar Eclipse which is keeping traders on edge. In the overnight electronic session, the December corn is currently trading at 569 which is 4 cents lower. The trading range has been 576 to 568.

On the Ethanol Front with gas prices reaching above $3 gallon refiners are being faithful to ethanol as we are going to be in one major gas and energy crunch this winter. European Covid fears has cast a pall on today’s energy market. The ethanol futures remain quiet.

Have A Great Trading Day!
Dan Flynn

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