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 kickoff the day with Wholesale Trade at 7:30 A.M., Wholesale Inventories MoM at 9:00 A.M., Export Inspections at 10:00 A.M., 3-Month & 6-Month Bill Auction at 10:30 A.M., Crop Progress at 3:00 P.M., and Fed Williams Speech at 3:45 P.M.
On the Corn Front Brad Haire with Southeast Farm Press reported, Larry Ford farms in Greenwood, Fla., in the states panhandle said, “every year is different. You can farm for many years, in my case more than 50, but you haven’t farmed this year yet.” Crop Progress is mostly ahead of schedule and we will receive further evidence on today’s Crop Progress report. The market has been trading mainly in a choppy tight trading range. In the overnight electronic session the May corn is currently trading at 643 ¼ which is a ¼ of a cent lower. The trading range has been 645 to 641 ½.
On the Ethanol Front in March a delegation of public and private sector representatives from Mexico, Costa Rica, Ecuador, Panama and Columbia traveled to North Dakota to see the US ethanol industry in action before attending the Renewable Fuels Association’s National Ethanol Conference in Orlando, Fla. Hosted by the North Dakota Corn Utilization Council, the team visited a corn farm, a grain elevator and ethanol plant, and met with David Ripplinger of North Dakota State while in the state. “This mission allowed our Latin America and Mexico delegation members to learn first-hand about ethanol production and the supply chain in the United States, as well as to hear about the latest events and innovations in the biofuels sector,” said Federico Salcedo, USGC regional ethanol consultant. “We hope this mission will allow the delegation to return to their countries and continue promoting the biofuels policies that will have a great social, economic and environmental impact.”
Have An Excellent Trading Day!
Dan FlynnQuestions? Ask Dan Flynn today at 312-264-4374