rounded corner
rounded corner
top border

Recognizing Jerusalem a Red Line? The Corn & Ethanol Report 12/05/17


Bookmark and Share

So if the U.S. recognizes Jerusalem as Israel’s capital it is a red line well so is terrorism and we our sick and tired of the double standard. We seek peace through strength and if you threaten us go back to your shores and take the U.N. with you. We are a Free Country not a complicit country and Do Not Forget about It!

This morning we have the U.S. Trade Balance at 7:30 A.M., ISM Non-Manufacturing Index at 9:00 A.M., Dairy Product Sales at 2:00 P.M. and API Energy Stocks at 3:30 P.M. The Grain complex will have investors focused on weather in South America and we will have a look at next week’s Crop Production USDA Supply/Demand and follow exports to emerging markets that will be happy to take our carryover if the price is right. In the overnight electronic session the March Corn is currently trading at 354 ½ which is 1 cent higher. The trading range has been 354 ½ to 353 ¼.

On the Ethanol front the January contract is currently trading at 1.364 which is .003 of a cent higher. The trading range has been 1.365 to 1.361 with 8 contracts traded with the market currently showing 1 bid @ 1.359 and 1 offer @ 1.369 with Open Interest at 1,283.

On the Crude Oil front the market is still trading in overbought mode, however fundamentals will have investors dancing to  our tune and cap this sideways trading and mount a gusher of a rally I anticipate. With global economies coming out of the abyss creating global demand and OPEC production cuts firmly in place I can only see the glut of oil falls to demand for oil and to feed the worlds insatiable appetite for more fuel at this time. In the overnight electronic session the January Crude Oil is currently trading at 5733 which is 14 tics lower. The trading range has been 5764 to 5708.

On the Natural Gas front we have cooler temperatures that were forecasted and yet the market is trading lower this morning when the cold weather hits. Go figure? In the overnight electronic session the January Natural Gas is currently trading at 2.920 which is 6 ½ cents lower. The trading range has been 2.998 to 2.918.

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  •   Terms of Use  •   Privacy Policy