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 NY Empire State Manufacturing Index (Fed), PPI MoM & YoY (Jan) and Core PPI MoM & YoY (Jan) at 7:30 A.M., Redbook YoY (12/Feb) at 8;55 A.m., NOPA Crush at 11:00 A.M., Net Long-Term TIC Flows (Dec), Overall Net Capital Flows (Dec) and Foreign Bond Investment at 3:00 P.M. and API Energy Stocks at 3:30 P.M.

On the Corn Front the Russians have said they have completed their military maneuvers and the troops will be heading back to home base. There are concerns about exports and trade. The market will be watching very closely as we hope to move back to fundamentals and technical analysis minus war fundamentals. In the overnight electronic session the March corn is currently trading at 644 ¾ which is 11 cents lower. The trading range has been 655 ½ to 644.

On the Ethanol Front Reuters carried a story that a study, published in the Proceedings of the National Academy of Sciences, contradicts previous research commissioned by the USDA showing ethanol and other biofuels to be relatively green. The study showed US corn-based ethanol was worse for the climate than gasoline. There were no trades or open interest in ethanol futures.

Have A Great Trading Day!

Dan Flynn

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