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 2022 with Markit Manufacturing PMI Final (Dec) at 8:45 A.M., Construction Spending MoM (Nov) at 9:00 A.M., NY Fed Treasury Purchases 2.25 to 4.5 yrs. at 9:30 A.M., and 3-Month & 6-Month Bill Auction at 10:30 A.M.

On the Corn Front the March corn settled below $6 a contract. And also the threat of farmer selling cash in the New Year. The market is coming in higher in 22022 as the South American weather pendulum coming back into play and we will also be following fund activity. And also the export market as we hope sales go up in 2022. In the overnight electronic session the March corn is currently trading at 600 ¼ which is 7 cents higher. The trading range has been 603 ½ to 598 ¼. China will be a gamechanger for exports. They need product and we can fulfill their list of needs.

On the Ethanol Front the market is quiet as we start off 2022 and we have no trades or open interest in the ethanol futures.

On the Crude Oil Front the market backed off earlier gains. Tomorrow we will have the OPEC+ meeting that may have triggered profit taking. In the overnight electronic session the February crude oil is currently trading at 7488 which is 33 points lower. The trading range has been 7636 to 7483.

On the Natural Gas Front the market did s deep six like the crude oil futures. Winter weather should be supportive. In the overnight electronic session the February natural gas is currently trading at 3.695 which is 0.035 lower. The trading range has been 3.762 to 3.672.

Have A Great Trading Day & and a Healthy Prosperous New Year!

Dan Flynn

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