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Happy Friday. The Corn & Ethanol Report 01/17/2020

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We kickoff the day with Housing Starts & Permits at 7:30 A.M., Fed Harker Speech at 8:00 A.M., Industrial Production at 8:15 A.M., Michigan 5-Year Inflation Expectations and Jolt’s Job Openings at 9:00 A.M., Fed Quarles Speech at 11:45 A.M. and Baker Hughes Rig-Count at High Noon. On the Corn front I was wrong and surprised that the funds were net long and started to puke out after Friday’s USDA number. And as far as the U.S.-China Trade Deal our growing exports to Hong Kong and Japan have dissipated. They were the middleman reselling to the Chinese. But now with the trade deal in place our overall exports did not grow as speculators were banking on. In the overnight electronic session the March Corn is currently trading at 378 ¼ which is 2 ¾ cents higher. The trading range has been 379 ½ to 376 ¾.

On the Ethanol front the U.S.-China Trade Deal eases tensions but tariffs cloud sales of LNG and Ethanol flows. China could increase U.S. Energy purchases by $52.4 billion. 5% tariffs remain on LNG and 70% tariff remain on Ethanol and until we can lift them, hopefully before the election. In the overnight electronic session the February contract posted a trade at 1.305 which is .006 higher. The market is currently showing 6 bids @ 1.305 and 1 offer @ 1.308. 15 contracts changed hands and Open Interest is at 330 contracts.

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

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