As we await the final Unemployment Number before the election traders wonder. If the number will have a basis with the disaster on the East Coast and will be accurate. Also next Friday we have the big Grain Report with Crop Production, USDA Supply/Demand and Wholesale Trade.
In the overnight electronic session the December Corn is currently trading at 748 ¾ which is 2 ¼ cents lower at this writing. The trading range has been 751 ½ to 746 ½ so far. I overall remain Bullish but expect a chop.
On the Energy Front the December Crude Oil is currently trading at 8638 which is 70 points lower at this writing. The trading range has been 8705 to 8618 so far. The market is hinging on demand destruction coupled with refinery outages and gas lines at the pump with no product available. What a mess.
In the aftermath of Frankenstorm we have to rebuild and get the infrastructure back in place.
Call me for daily entry levels.
Have a Great Trading Day!
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