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June 6th, 2023

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Oil Market Update - GIANT TOP APPROACHING COMPLETION...
Clive Maund  May 05  

Brazil's Petrobras to cut diesel prices by 9%
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expert analysis & newsletter briefs

NexGen Energy Ltd.

"My top pick for 2016 is NexGen Energy Ltd. . . Arrow is an emerging world-class deposit that is still in the early stages of discovery. The stateit being so early in the delineation and development processmeans a lot of upside still remains. . .the company just closed a $21M financing, which means the company has enough cash to carry through 2016 and beyond." (12/23/15) - Gwen Preston, Resource Maven

NexGen Energy Ltd.

"My top pick for 2016 is NexGen Energy Ltd. . . Arrow is an emerging world-class deposit that is still in the early stages of discovery. The stateit being so early in the delineation and development processmeans a lot of upside still remains. . .the company just closed a $21M financing, which means the company has enough cash to carry through 2016 and beyond." (12/23/15) - Gwen Preston, Resource Maven

Fission Uranium Corp.

"Fission Uranium Corp. announced it entered into a binding letter of intent with China's CGN Mining, a subsidiary of nuclear giant China General Nuclear Power Group, to acquire 19.99% of Fission as part of an CA$82M strategic investment, along with a potential future offtake agreement on production from Patterson Lake South (PLS). . .we urge investors to bolster positions in Fission as the deal derisks development financing, and in the interim, should fund PLS through full feasibility and permitting." (12/22/15) - David Sadowski,

Energy Fuels Inc.

"Energy Fuels Inc. is the only conventional uranium producer in the U.S. and the second-largest producer overall. It has the potential become #1, given the projects and mines it has on standby or that are close to being in development. At full ramp-up we expect the company to be able to produce 57 Mlb/year, in a country currently producing 45 Mlb/year. The U.S. consumes 55 Mlb/year, but only about 10% is supplied domestically. U.S. utilities seeking security of supply will greatly prefer U.S. producers over those from Kazakhstan, Russia or Africa. This company is well positioned to benefit from higher uranium prices. We have a Buy rating with a target price of $11.85/share." (12/22/15) - The Energy Report Interview with Rob Chang

Fission Uranium Corp.

"Fission Uranium Corp. announced it entered into a binding letter of intent with China's CGN Mining, a subsidiary of nuclear giant China General Nuclear Power Group, to acquire 19.99% of Fission as part of an CA$82M strategic investment, along with a potential future offtake agreement on production from Patterson Lake South (PLS). . .we urge investors to bolster positions in Fission as the deal derisks development financing, and in the interim, should fund PLS through full feasibility and permitting." (12/22/15) - David Sadowski,


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The Corn & Ethanol Report

Daniel Flynn
http://www.pricegroup.com/
dflynn@pricegroup.com


Parabolic Grains Drought Talk vs. Recession Talk. Corn & Ethanol Report 06/06/2023

Tuesday June 6th 1944 79 years ago we were Blessed with The Greatest Generation D-Day Invasion at Normandy. If they weren’t successful there would have been no tomorrow God Bless Men & Woman Veterans!

We kickoff the day with Redbook YoY at 7:55 A.M., IBD/TIPP Economic Optimism at 9:00 A.M., API Energy Stocks and LMI Logistic Managers Index at 3:30 P.M.

On the Corn Front the market was PLAYING PING PONG OR JUST ACTING LIKE A YO-YO TRADING DROUGHT AND RECESSION FEARS. The Crop Progress showed corn good-to-excellent rating fell 5% to 64%, the corn crop average is 74%. There are debates about how low the yields will be, but we are too early in the growing season to have any firm convictions on yield loss. This weeks dryness should lead to another decline in ratings next week. Other bullish news was the Ukraine dam breach that caused damage to numerous villages and crops. Grains rose last night on the rapid escalation of the war and impact on grain production and trade. Also, the EU will also allow Poland, Bulgaria, Romania, Hungary, and Slovakia to ban domestic sales of Ukraine wheat, corn, rapeseed, and sunflower seed until September 15th with a phase out to follow. This will restrict Ukraine grain exports and caused storage difficulties for Ukraine farmers. Ukraine President Zelenskiy protested and called for an immediate removal of all export EU export restrictions. Stay Tuned! In the overnight electronic session the July corn is currently trading at 603 ½ which is 6 cents higher. The trading range has been 609 ½ to 599 ¾.

On the Ethanol Front UNICA, the Brazilian sugarcane industry association, has released data showing that sugarcane processing and ethanol production were up during the first half a May. Ethanol sales were also up during the two-week period. According to UNICA, mills in the south-central region of Brazil processed 43.98 million metric tons of sugarcane during the first half of May, up 28.25% compared to last year. Total sugarcane processing since the beginning of the current harvest season, which began April 1st, reached 78.97 million metric tons, up 24.18% from last year. Keep in mind the Brazilian Foreign Trade Chamber (Camex) reinstated an import tariff on American ethanol to Brazil. The new tariff rate on ethanol is 16% this year and 18% in 2024. There were no trades or open interest in ethanol futures.

Have A Great Trading Day!



A Subsidiary of Price Holdings, Inc. - an Employee Owned Diversified Financial Services Firm. Orders must be entered via direct verbal communication with a representative of our firm. We cannot be held responsible for orders left in any other manner. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. Investing in futures can involve substantial risk & is not for everyone. Trading foreign exchange also involves a high degree of risk. The leverage created by trading data-on margin can work against you as well as for you, and losses can exceed your entire investment. Before opening an account and trading, you should seek advice from your advisors as appropriate to ensure that you understand the risks and can withstand the losses. Member NIBA, NFA.

The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or futures. The PRICE Futures Group, its officers, directors, employees, and brokers may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction. Reproduction and/or distribution of any portion of this report are strictly prohibited without the written permission of the author.

Contact Dan at (888) 264-5665 or dflynn@pricegroup.com.



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June 6th, 2023

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