New Green Deal Ignites War- Russia All In. The Corn & Ethanol Report 03/01/2022

We start off the day with Redbook YoY (26/Feb) at 7:55 A.M., Markit Manufacturing PMI Final (Feb) at 8:45 A.M., ISM Manufacturing PMI (Feb), Construction Spending MoM (Jan), ISM Manufacturing Employment (Feb), ISM Manufacturing New orders (Feb) and ISM Manufacturing Prices (Feb) at 9:00 A.M., Dallas Fed Services Index (Feb) and Dallas Fed Services Revenue Index (Feb) at 9:30 A.m., NY Fed Treasury Purchases 7.5 to 30 yrs. at 10:20 A.M., Cotton System, Fats & Oils and Grain Crushings at 2:00 P.M. and API Energy Stocks at 3:30 P.M.

President Biden gives his State of the Union Address and I hope he will address the urgent need to do an 180 degree turn on the current energy policy. It is a matter of National Defense. Along with the crippling inflation we have another casualty of war with the Black Sea closed to maritime traffic which will raise food prices even higher and we have the energy crisis. We are watching events unfold before our eyes hopefully this is not what the future looks like. The world is watching.

In the overnight electronic session the March corn is currently trading at 716 which is 18 ½ cents higher. The trading range has been 721 to 699 ¾.

On the Ethanol Front producer Erik Huschitt with Badger State Ethanol in Monroe, Wisconsin says investment made in E15 are not being fully utilized and this policy failure could carry on to the summer.

On the Crude Oil Front we again punched through $100 a barrel. I hate to be Captain Obvious but we need to reopen Anwar and Keystone XL and that would put a dent in the Russian economy better than any sanction and make us safer at home. In the overnight electronic session

On the Natural Gas Front the market is riding the wave of a war-time premium as seasonable this is when prices dip. Investors, producers and traders are sifting through headlines with a possibility of demand picking up with Moscow being cut off. Another thing ease the regulations on pipelines. In the overnight electronic session the April Natural Gas is currently trading at 4.508 which is 0.106 higher. The trading range has been 4.552 to 4.340.

Have A Great Trading Day!

Dan Flynn

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