rounded corner
rounded corner
top border

Weather and the Markets. The Corn & Ethanol Report 11/17/17


Bookmark and Share

We seem to have continued conflicting weather reports whether it is the European model or the U.S. weather model they all seem to be wrong which puts a shake and bake in the market and takes out investors with low risk tolerance and puts them out of the game. As we move closer to the end of harvest with an oversold Corn market and in the short-term there is no end in sight. Another cog in the wheel Export Sales were disappointing whether we are oversold or not oversold which we need demand to pick up and carryover to slide and that does not look like it is going to happen in the next couple of years. In the overnight electronic session the December Corn is currently trading at 338 ¼ which is 1 ¾ of a cent higher. The trading range has been 338 ¼ to 336 ½.

On the Ethanol front there were no trades posted in the overnight electronic session. The December contract settled at 1.390 and is currently posting 1 bid @ 1.396 and 1 offer @ 1.401 with Open Interest on the decline at 1,033 contracts.

On the Crude Oil front the market bounced back after the International Energy Administration (IEA) attempted to shock the market lower stating that demand will go down which is farther from the truth. They accomplished getting investors with limited risk out of the market because of fake news. Expect OPEC to keep production cuts in line and this market will reverberate in a New York minute.

In the overnight electronic session the December Crude Oil is currently trading at 5599 which is 85 points higher. The trading range has been 5621 to 5518. Last Trading Day on the December contract is on Monday so we will change are focused to the January contract. But in the meantime let’s not wait for the last-minute and roll or liquidate your December positions.

On the Natural Gas front colder temperatures are rekindling buying investor interest. In the overnight electronic session the December Natural Gas is currently trading at 3.088 which is 3 ½ cents higher. The trading range has been 3.107 to 3.059.

Have a Great Trading Day!
Dan Flynn
Questions? Ask Dan Flynn today at 312-264-4374

View The Corn & Ethanol Report Archiveswww.pricegroup.com

A Subsidiary of Price Holdings, Inc. – an Employee Owned Diversified Financial Services Firm. Member NIBA, NFA

Past results are not necessarily indicative of future results. Investing in futures can involve substantial risk of loss & is not suitable for everyone. Trading foreign exchange also involves a high degree of risk. The leverage created by trading on margin can work against you as well as for you, and losses can exceed your entire investment. Before opening an account and trading, you should seek advice from your advisors as appropriate to ensure that you understand the risks and can withstand the losses.

The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or futures. The Price Futures Group, its officers, directors, employees, and brokers may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction. Reproduction and/or distribution of any portion of this report are strictly prohibited without the written permission of the author. Trading in futures contracts, options on futures contracts, and forward contracts is not suitable for all investors and involves substantial risks. ©2017



Recent articles from this author



About the author


Mr. Daniel Flynn is a trader and analyst with a strong background in the fundamental and technical analysis of Grain and Energy markets.

He started his career in the summer of 1981 as a runner on the Chicago Mercantile Exchange floor, shortly after graduating from Leo High School in Chicago. He learned the futures and options business from the ground up and has proved his commitment and ability to the industry ever since.

Dan's daily newsletter, The Corn & Ethanol Report, gives a unique insight and perspective into these market sectors, covering various global issues that are the driving force and backbone of the commodity markets. Dan is regularly interviewed by global media outlets on his insights and forecasts.

Dan provides his customers with not only a thorough understanding of the markets and the issues surrounding them, but also how to approach daily risk management in the markets they trade.

Contact Daniel Flynn: (800) 769-7021 or at dflynn@pricegroup.com

Published by Barchart
Home  •  Charts & Quotes  •  Commentary  •  Authors  •  Education  •  Broker Search  •  Trading Tools  •  Help  •  Contact  •  Advertise With Us  •  Commodities
Markets: Currencies  •   Energies  •   Financials  •   Grains  •   Indices  •   Meats  •   Metals  •   Softs

The information contained on InsideFutures.com is believed to be accurate but is not guaranteed. Market data is furnished on an exchange delayed basis by Barchart.com. Data transmission or omissions shall not be made the basis for any claim, demand or cause for action. No information on the site, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any futures or options contracts. InsideFutures.com is not a broker, nor does it have an affiliation with any broker.


Copyright ©2005-2018 InsideFutures.com, a Barchart.com product. All rights reserved.

About Us  •   Sitemap  •   Legal  •   Privacy Statement