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 kickoff the day with Baker Hughes Oil & Total Rig Count at high noon as we usher in the New Year.

On the Corn Front the market slid as Brazilian harvest begins with weather being the major headline. Export Sales were better than anticipated in corn but still only a fraction of what it could and should be. The next Crop production, USDA Supply/Demand and WASDE data is scheduled for January 12, 2022. In the overnight electronic session the March corn is currently trading at 594 ¾ which is 1 ¼ of a cent lower. The trading range has been 598 ½ to 593 ¾.

On the Ethanol Front we close 2021 hearing crickets. Battle lines have been drawn and whether you’re a farmer, producer or refinery you want to shriek at government mandates. With the mid-terms fast approaching let’s all hope we find some common ground in 2022. There were no trades or open interest in ethanol futures.

On the Crude Oil Front the market is down sharply with a mixed bag of tricks. The stock market is lower and the U.S. dollar is higher while trading off a demand decline hampering flights around the country. This pressure is coming before the January 4th OPEC+ meeting. I do expect oil to climb higher above $100 a barrel unless our energy policies have a major shake-up.  In the overnight electronic session the February crude oil is currently trading at 7572 which is 127 points lower. The trading range has been 7708 to 7522.

On the Natural Gas Front the market is trading higher as real winter weather will be realized in the lower 48 states and hopefully no disruptions as in heating our homes. In the overnight electronic session the February natural gas is currently trading at 3.597 which is 0.031 higher. The trading range has been 3.693 to 3.572.

Have a Healthy & Prosperous 2022!

Dan Flynn

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