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 US Goods Trade Balance Adv (Jan), Real Inventories Ex Autos MoM Adv (Jan) and Wholesale Inventories MoM Adv (Jan) at 7:30 A.M., Chicago PMI (Feb) at 8:45 A.M., Dallas Fed Manufacturing Index (Feb) at 9:30 A.M., Export Inspections at 10:00 A.M. 3_month & 6-Month Bill Auction at 10:30 A.M.

On the Corn Front a lot has happened since Friday that we expected a game-changer. Ukraine hangs in the balance as well as their NATO neighbors. With Russia being denied the swift system, they will get more than a hint of sanctions Which Should HAVE BEEN IMPOSED BEFORE AND NOT AFTER. Or another thought we could be energy independent. In last Friday’s action corn futures were sharply lower with unprecedented volatility since mid-week. Fundamentals changed and the world is wondering what trade will look like. One thing is for sure shipping insurance will be premium and other prices will follow suit. The market is very aware of that in today’s action with the grain complex rocking. In the overnight electronic session the March corn is currently trading at 687 ¼ which is 27 ¾ cents higher. The trading range has been 694 ¼ to 679.

On the Ethanol Front the market is ready to talk alternative energy as this crisis continues. We may get another headline tomorrow. There were no trades or open interest in ethanol futures.

On the Crude Oil Front, “Oh to be energy independent.” Of course, these prices are soaring with the RISK ON because of this war. But risk in the market will not wait and the world is watching. In the overnight electronic session the April crude oil is currently trading at 9506 which is 347 points higher. The trading range has been 9910 to 9454.

On the Natural Gas Front the market is deciding this late in the winter whether to sell off or not. The market does not expect a major rise in exports due to government mandates on pipelines and the industry. This market is on its heels as it is playing wait and see while energy fundamentals are supportive. In the overnight electronic session the April natural gas is currently trading at 4.487 which is 0.017 higher. The trading range has been 4.683 to 4.449.

Have A Great Trading Day!

Dan Flynn

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