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 kickoff the day with NAHB Housing Market Index at 9:00 A.M., Export Inspections at 10:00 A.M., 3-Month & 6-Month Bill Auction 10:30 A.M., Milk Production at 2:00 P.M., Crop Production, Net Long-term TIC Flows, and Foreign Bond Investment at 3:00 P.M.

On the Corn Front the Commitment of Traders report showed a liquidation across the grain complex, while funds did not keep their powder dry selling 41,000 contracts of corn and were big sellers in the grain complex while being buyers in the livestock contracts.  The market is still below fair market value but we do not see the weak and cheaper prices at the grocery store. In the overnight electronic session the December corn is currently at 490 which is a ½ of a cent lower. The trading range has been 492 ½ to 489.

On the Ethanol Front the EIA increased its forecast for 2023 fuel ethanol in last weeks report. The forecast for 2024 fuel ethanol production was revised down. The agency maintained its forecast for 2023 fuel ethanol blending, but reduced blending for forecast for next year. There were no trades or open interest in ethanol futures.

Have A Great Trading Day!

Thanks,Daniel Flynn

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