The Dan Flynn Corn & Ethanol Report
On this Halloween we are thinking of rolling up our sleeves and start assessing the damage Frankenstorm has already done. The driving punch our Fellow Americans on the Eastern Seaboard received from this monstrosity and we are starting recovery methods. The Good OLE AMERICAN WAY!
The Equity markets are back in action.
Free Markets for Free Men!
My thoughts and prayers go out to all that is affected by this Act Of God!
In the overnight electronic session the December Corn is currently trading at 746 ¾ which is 5 cents Higher at this writing. The trading range has been 748 to 741 ¾. I still favor the long side and would Have multiple positions depending on entry level and would not be a complete aggressive buyer but slowly participate.
On the Energy Front the December Crude Oil is currently trading at 8645 which is 77 points higher as I Write in the overnight electronic session. The trading range has been 8659 to 8561 so far. With Equity Markets unfurling after riding out this tumultuous storm and trading higher and we assess damage and try to get electricity back on line the market is concerned about refinery issues as winter is just around the corner.
Call me for daily entry levels.
Have a Great Trading Day!
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