Russian Invasion Fears Adds Pain In Fuel Prices. The Corn & Ethanol Report 02/14/2022

We kickoff the week with Fed Bullard Speech, Consumer Inflation Expectations (Jan) and Export Inspections at 10:00 A.M., 3-Month & 6-Month Bill Auction at 10:30 A.M.

On the Corn Front we ended up higher and followed higher trade in crude and wheat and lower in equities. Some analyst predict a time frame of Wednesday when the Russians will invade the Ukraine. I am expecting the markets will trade like walking on eggshells before a new headline hits the markets. In the overnight electronic session the March corn is currently trading at 646 ¼ which is 4 ¾ cents lower. The trading range has been 656 ¾ to 644 ¼.

On the Ethanol Front LanzaJet and Marquis SAF partner to build an Illinois plant, LanzaJet, a sustainable aviation fuel technology provider and producer, has entered into a Memorandum of Understanding (MOU) with Marquis Sustainable Aviation Fuel (Marquis SAF) to construct a 120 million gallon per year integrated sustainable fuel plant to the US using low-carbon intensity (CI) feedstocks aviation fuel (SAF) feedstocks to produce sustainable aviation fuel (SAF) and renewable via LanzaJet alcohol-to-Jet process. This plant will be located in Hennepin, Illinois in the Marquis Industrial Complex just two hours southwest of Chicago adjacent to the Illinois river. The facility is strategically located position for global distribution and vital pipelines to deliver fuels to Chicago’s O’Hare and Midway International Airport  There were no trades or open interest in ethanol futures.

On the Crude Oil the market is starting to tail off a little bit from last night. The national average for gasoline is 3.488 and with the fears of a Russian invasion have helped spike prices. In the overnight electronic session the March crude oil is currently trading at 9270 which is which is 40 points lower. The trading range has been 9294 to 9209.

On the natural Gas Front were trading higher as another winter storm is expected across the Plains, Midwest and Great Lakes region. In the overnight electronic session the March natural gas is currently trading at 4.088 which is 0.147 higher. The trading range has been 4.169 to 4.040.

Have A Great Trading Day!

Happy Valentines Day!

Dan Flynn

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