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 PPI MoM & YoY, Core PPI MoM & YoY, and PPI Ex Food Energy and Trade MoM & YoY at 7:30 A.M., Fed Kashkari Speech at 9:00 A.M., Crop Production, Grain Stocks, USDA Supply/Demand, Winter Wheat Seedings, and WASDE data followed by Baker Hughes Oil & Total Rig Count at 12:00 P.M.
The USDA will release the January Crop Report which will define the final 2023 US summer row crop production, December 1st stocks, and 2024 winter wheat seedings. The report always offers surprises, as we head into another 3-day weekend. What is expected is a robust CBOT reaction after its release. Demand and demand destruction weigh heavily on this complex. Global economy, weather and frontrunners dominate this bullish fundamental market.
1st Grain Report We Have Been Waiting For. The Corn & Ethanol Report 01/12/2024
We kickoff the day with PPI MoM & YoY, Core PPI MoM & YoY, and PPI Ex Food Energy and Trade MoM & YoY at 7:30 A.M., Fed Kashkari Speech at 9:00 A.M., Crop Production, Grain Stocks, USDA Supply/Demand, Winter Wheat Seedings, and WASDE data followed by Baker Hughes Oil & Total Rig Count at 12:00 P.M.
The USDA will release the January Crop Report which will define the final 2023 US summer row crop production, December 1st stocks, and 2024 winter wheat seedings. The report always offers surprises, as we head into another 3-day weekend. What is expected is a robust CBOT reaction after its release. Demand and demand destruction weigh heavily on this complex. Global economy, weather and frontrunners dominate this bullish fundamental market.
Have A Great Trading Day!
Thanks,
Questions? Ask Dan Flynn today at 312-264-4374Daniel Flynn