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The Day the Grains Started Moving. The Corn & Ethanol Report 01/12/18


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We kickoff this Friday and long weekend with the Martin Luther King holiday with Business Inventories, Consumer Price Index (CPI) and Retail Sales at 7:30 A.M. In the big picture investors are chomping at the bit to see if there is light at the end of the tunnel with Crop Production, Grain Stocks, USDA Supply/Demand and Winter Wheat Seedings at 11:00 A.M. The January Grains go off the board today and the major market data could jump-start this Inside Market that has gone no-where for so long. In the overnight electronic session the March corn is currently trading at 349 ½ which is ¾ of a cent higher. The trading range has been 349 ¾ to 348. After yesterday’s poor showing of Export Sales and as we move further into 2018 with emerging markets that will need to have nutrition the market will get competitive and exciting again.

On the Ethanol front the February contract is currently trading at 1.353 which is .006 of a cent higher. The trading range has been 1.353 to 1.349 with Estimated Volume at 8 contracts traded and Open Interest at 1,404 contracts with the market currently showing 1 bid @ 1.351 and 1 offer @ 1.357.

On the Crude Oil front even though we are trading lower in this overbought market the best is yet to come and strong economies and demand are “just the facts ma’am”, and if we have a good CPI number and going into the long holiday weekend I expect short investors will not want to be heavy with demand and emerging markets that cannot be lying low in the weeds. We can see you. In the overnight electronic session the February Crude Oil is currently trading at 6320 which is 60 points lower. The trading range has been 6372 to 6306.

On the Natural Gas front the market is not inching but moving higher as normal January temperatures come back to the Mid-West and the East-Coast is still reeling from the Bomb Cyclone and unfortunately the price of Home Heating Oil and Natural Gas prices rises and must be passed onto the consumer. Producers in Natural Gas that had capacity full will happily move product and hedge prices above $3 because they will not want to tempt Mother Nature like last year’s January and February. In the overnight electronic session the February contract is currently trading at 3.164 which is 8 cents higher. The trading range has been 3.173 to 3.085.
Thanks,
Dan Flynn
Questions? Ask Dan Flynn today at 312-264-4374

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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 dflynn@pricegroup.com

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