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 MBA Mortgage  Market Index (10/Dec), MBA Mortgage Refinance Index (10/Dec), MBA Mortgage Purchase Index (10/Dec), MBA Mortgage Applications (10/Dec) and MBA 30-Year Mortgage Rate at 6:00 A.M., Retail Sales MoM & YoY (Nov), Import Prices MoM & YoY (Nov) NY Empire State Manufacturing Index at 7:30 A.M., Business Inventories MoM (Oct), NAHB Housing Market Index and Retail Inventories Ex Autos MoM (Oct) at 9:00 A.M., EIA Energy Stocks at 9:30 A.M. Fed Rate Decision and FOMC Economic Projections at 1:00 P.M., Fed Press Conference at 1:30 P.M., Foreign Bond Investment (Oct), Net Long-Term TIC Flows and Overall Net Capital Flows at 3:00 P.M.

On the Corn Front the market slid on beneficial Argentine rains along with technical selling. AG Web’s Tyne Morgan reports 2022 outlook, why corn maybe below $6 in the new Year. Export demand and shipping, also cost in fertilizer, diesel and propane. In he overnight electronic session the March corn is currently trading at 592 1/2 which is 2 ¼ cents higher. The trading range has been 592 ½ to 587 ½.

On the Ethanol Front Brazilian ethanol price to drivers remain volatile with strong sugar price premium over ethanol, volatility in the Brazilian real/U.S. dollar exchange rate, and unknown changes in Petrobras ex-refinery gasoline price will remain key for drivers for Center-South ethanol prices in 2022, There remains no open interest in ethanol futures.

Have A Great Trading Day!

Dan Flynn

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