The Dan Flynn Corn & Ethanol Report
In the overnight electronic session the December Corn is currently trading at 745 ¼ which is 1 cent higher at this writing. The trading range has been 748 to 740 ¾ so far. We have tomorrows Supply/Demand and Crop Production numbers that may confirm the record highs this market is seeking.
On the Energy Front the December Crude Oil is currently trading at 8553 which is 109 points higher as I write. The trading range has been 8560 to 8451 so far. The market volatility is pricing in the Havoc of the storms in the North East and demand destruction to when a point is reached that demand will be heavy to start a beneficial recovery. Traders are also concerned about the volatility after the election as we are headed for a recession. All you have to do is look at the VIX Index and you can see peoples concerns.
Call me for daily entry levels.
Have a Great Trading Day!
Copyright Price Futures Group All rights reserved.