The December Corn is trading at 394 ¾ which is down 1 ¼ cents. The trading range is 396 ¼ to 393 ¾. Coole3r temps and rains in the forecast are creating resistance to any new buying at the $4 level. We await data for Crop Production, Export Sales, USDA Supply/Demand and Wholesale Trade due out at 7:30 C.S.T. These numbers could set a new base for buying. Stay tuned.
On the Energy Front we continue to trade in a sideways pattern. The current pattern is sideways to higher and is due for a break. If the market has the steam to trade to the $77 level, this should be an ideal entry for a sell.
Have a Great Trading day!Open a trading account with Dan Flynn firstname.lastname@example.org
There is substantial risk of loss trading commodity futures and options.Past performance is not indicative of future results.