Tuesday October 20th 2009
Good Morning !
All eyes are focusing on the Census Crush Report due out Thursday at 7:30 A.M. C.S.T. This report could shed light on traders fears of the abundance of crop damage. We arte still not done harvesting and colder than average temperatures expected on Thursday as well. As I write December Corn is trading at 385 1/4 which is down 1 cent. The range is 389 1/2 to 384 1/2.
Housing Starts and PPI due out at 7:30 A.M. C.S.T. today. With the Dollar remaining weak this could intice an interesting day. Energies continue to trade higher which will boost Ethanbol prices.
We are swimming in Crude Oil however, the Dollar is making commodity prices higher and higher.
Have a Great Trading Day !