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December 1st, 2020

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Oil Market Update - current stalemate may end in a surprising manner...
Clive Maund  Oct 21  

Oil Market Update...
Clive Maund  Jul 27  

Crude Oil: Uptrend to October
Tom McClellan  Jul 22  

Oil Market Update...
Clive Maund  Mar 14  

Oil Market Update...
Clive Maund  Dec 12  

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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 state—it being so early in the delineation and development process—means 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 state—it being so early in the delineation and development process—means 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 5–7 Mlb/year, in a country currently producing 4–5 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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from the publisher
  Robert J. Moriarty

Welcome to 321energy.



The Corn & Ethanol Report

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


Investors Banking On La Nina Dryness in South America. The Corn & Ethanol Report 11/30/2020

We start off this Full Moon Monday with Chicago PMI (NOV) at 8:45 A.M., Pending Home Sales MoM & YoY (OCT) at 9:00 A.M., Dallas Fed Manufacturing Index (NOV) at 9:30 A.M., Export Inspections at 10:00 A.M., 3- Month and 6-Month Bill Auction at 10:30 A.M. and Crop Progress at 3:00 P.M.

On the Corn Front we have First Notice Day on all December Grains. What a difference a day or two makes. The rains called for dry areas in Argentina and Brazil were negated by La Nina. The weather is expected to be dry for the next 10 days and reports of a second round of showers will attempt to make it wet in those dry areas. The two South American countries are expecting drier than normal conditions, while Argentina is reporting a little increase in corn plantings and they have a lower crop estimate than the USDA. More bullish news is barge freight costs are moving higher and talk of higher soybean prices should help corn prices as potential importers are playing possum to see if the prices will fade in the cash market. It does not look good for he who hesitates, especially if you are purchasing domestic supply which will get you through this winter. Funds also turned buyers in Friday's action after unloading contracts on Wednesday and is not completely clear if it was more of a December liquidation, but there were sellers in Dec & March. The funds were estimated to buy 4,000 contracts and estimated to be net-long 271,000 contracts. With these realities with export and prices traders expect to see new highs. In the overnight electronic session, the March corn is currently trading at 433 which is 3/4 of a cent lower. The trading range has been 439 1/2 to 432 1/2.

On the Ethanol Front the industry is embracing demand increases expected in this industry for months and years to come. As the U.S. Congress is calling for and want to achieve "net-zero" CHG by 2050. Not only is the 2020 election is the talk of the town and so are traders wishes for demand to go through the roof in 2021. There were no trades posted in the overnight electronic session. The January ethanol settled at 1.350 and is currently showing 1 bid @ 1.300 and 2 offers @ 1.400 with Open Interest at 44 contracts.

On the Crude Oil Front the OPEC+ alliance is considering a delay to their output hike and whispers are that U.S. Shale is ready to get back into the picture again. And this is before we are not sure who will be calling the energy shots. Is he for fracking or against fracking? Or does he know what fracking is? A lot of t's need to be crossed and a lot of I's dotted. We can expect headlines to great shakes and move in this market in the coming weeks. In the overnight electronic session, the January crude oil is currently trading at 4550 which is 3 points lower. The trading range has been 4580 to 4442.

On the Natural Gas Front San Jose joined the ranks of San Francisco, yes, they are close together, in banning natural gas in new structures as U.S. Shale Firms amp up natural gas output as the future signals more gains. It looks like the politicians in the state of California have not learned dating back before their ENRON debacle. In the overnight electronic session, the January natural gas is currently trading at 2.989 which is 0.146 higher. The trading range has been 2.991 to 2.823.

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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December 1st, 2020

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