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Consumer Price Index Today. The Corn & Ethanol Report 01/11/19


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We kickoff this Friday with CPI and Real Earnings at 7:30 A.M. We will not have the Crop Production, Grain Stocks, USDA Supply/Demand and Winter Wheat Seedings do to the government shutdown. But that has not silenced the Grains as pivotal trade talks with China seem to be gaining ground as the first round ended with good feelings. We are in the green in the Grain Complex with the exception of Oats. South America is another factor with Brazil dry and Argentina wet. In the overnight electronic session the March Corn is currently trading at 378 ¼ which is 2 cents higher. The trading range has been 379 ¼ to 377.

On the Ethanol front the February contract is currently trading at 1.287 which is .017 higher. The trading range has been 1.287 to 1.273. 2 contracts traded and Open Interest dropped to 1,806 contracts. The market is currently showing 2 bids @ 1.276 and 1 offer @ 1.285. Farmers and Producers are hoping for a China deal that would include Corn & Ethanol to exports and improve their weak margins for profit.

On the Crude Oil front the market gave back early gains in the overnight electronic session following the Stock Markets lead. In the overnight electronic session the February Crude Oil is currently trading at 5202 which is 57 points lower. The trading range has been 5331 to 5175.

On the Natural Gas front we are trading higher with the mercury dropping. In the overnight electronic session the February contract is currently trading at 3.034 which is 6 ½ cents higher. The trading range has been 3.069 to 2.991.

Have a Great Trading Day!
Dan Flynn

 

 



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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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