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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

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Stoves Going Electric Too. The Corn & Ethanol Report 01/11/2023

By On January 11, 2023 - 9:50 AM · In Corn & Ethanol Report, Market Commentaries

We kickoff the day with MBA Mortgage Market Index, MBA Mortgage Refinance Index, MBA Purchase Index and MBA Mortgage Applications at 6:00 A.M., EIA Energy Stocks at 9:30 A.M., 17-Week Bill Auction and 10-Year Note Auction at 12:00 P.M.

On the Corn Front the market held support near last week’s low and the market had a turnaround Tuesday and the market is trying to gather more legs. The March corn is currently trading at 655 ¼ which is a ¼ of a cent higher. The trading range has been 659 to 652 ¾. Meanwhile, Illinois Corn Growers are meeting with new lawmakers in D.C. Illinois has 4 new members of Congress establishing a relationship is important for ag policy this year. A very important step as ethanol producers are still feeling the pain to keep operations afloat.  The objective for the corn growers is to show growth in revenue. Ethanol will remain a hot topic in these talks for this year and there were no trades in ethanol futures.

Have A Great Trading Day!

Dan Flynn

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