Monday November 5th 2012
As we head into the eve of very tight Presidential election we have many reports abound this week
Starting today at 9 A.M. Central the ISM Non-Manufacturing Index and on Tuesday we have API data
Released at 9:30 followed by Consumer Credit at 2 P.M. Thursday U.s Trade Balance, Initial Jobless Claims and EIA Gas Storage followed by Fridays Supply/Demand, Crop Production and Wholesale trade at 7:30 A.M.
In the overnight electronic session the December Corn is currently trading at 740 ¾ which is 1 ¼ cents higher at This writing. The trading range has been 743 to 7336 ¾ so far. We could see a rally only to turn into a chop Tuesday to Wednesday with the reports later in the week. Stay Tuned!
On the Enrgy Front the December Crude Oil is currently trading at 8496 which is 10 points higher as I write. The Trading range has been 8523 to 8434 so far. Product is in New York Harbor but they need electricity to transport To land. With a nor’easter brewing the same path as Sandy hit this could be piling on bring snow and freezing temperatures. Our thought and prayers go out to our friends in the North East.
Call me for daily entry levels.
Have a Great Trading Day!
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