The Dan Flynn Corn & Ethanol Report

By IBTimes Staff Reporter | January 06 2010 10:54 AM

The March Corn is trading at 420 which is up 1 1/4 cents as I write.The range is 422 to 417 1/2. I continue to run with the bulls because they surely have the upper hand in fundamental supply and demand numbers.Traders will continue sizing up next years planting delays and anticipated consuumption into this years planting.

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On the Energy Front Crude Oil traders await the weekly inventory numbers due out at 9:30 C.S.T. We are strong in this complex and depending on the number we could have another breakout run to the upside.

The U.S. Dollar is actually trading higher as I write at 7793 which puts it up 8 cents.

We await today's ISM Number due out at 9:00 C.S.T. And Energy inventories a half hour later.

Have a Great Trading Day !

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