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Grains Praying for a Santa Rally. The Corn & Ethanol Report 11/28/17

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The Grain market is looking for a rally and any type of a rally. Our las Crop Progress report for the 2017 growing season showed Farmers will need a little help to move prices higher as these prices are way too cheap. Elevators and Silo’s full and plenty of carryover which should be burned into Ethanol and exported. In the overnight electronic session the December Corn is currently trading at 337 ¾ which is 1 cent lower. The trading range has been 339 ½ to 336 ½. In the long-term this market will seek higher highs but in the near-term the market is exposed in a conundrum of buying value and will keep investors and traders treading water.

On the Ethanol front there were no trades posted in the overnight electronic session. Even while Ethanol output is at all-time highs as we look to export more and more too emerging markets that cannot quench their thirst for product. The December contract settled at 1.384 and is currently showing 2 bids @ 1.370 and 3 offers @ 1.381 with declining Open Interest at 406 contracts.

On the Crude Oil front the fundamentals are the rage. With the Keystone Pipeline mounting traction after a slumber the past eight years or former administration should add to market volatility with OPEC expected to extend production cuts and this market will rally with this news. In the overnight electronic session the December Crude Oil is currently trading at 5788 which is 23 points lower. The trading range has been 5797 to 5742.

On the Natural Gas front the market is rolling again with the post-Thanksgiving rally which is pricing in cold weather that has yet to be forecasted. The December Natural Gas goes off the board today so we will shift are focus to the January contract which is currently trading at 3.092 which is 7 ½ cents higher. The trading range has been 3.096 to 3.028.

Have a Great Trading Day!
Dan Flynn


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

View The Corn & Ethanol Report

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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

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