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February 3rd, 2023

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Oil Market Update - Oil looking set to follow oil stocks higher...
Clive Maund  Nov 08  

Energy Update
Jack Chan  Jun 18  

Oil Market Update - targets for crude and oil stocks...
Clive Maund  Mar 07  

Oil Market Update - overbought but ultimately headed much higher...
Clive Maund  Jan 20  

Energy Update
Jack Chan  Nov 09  

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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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  Robert J. Moriarty

Welcome to 321energy.



The Corn & Ethanol Report

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


Unemployment Day. Corn & Ethanol Report 02/03/2023

We have the Unemployment number that rears its ugly head in this economy that has already reared its ugly head. Will the tech layoffs could show up in this number. As we move into the new election cycle it should be a reminder there are consequences for not voting or continuing to pick the wrong horse. Remember to vote.

We kickoff the day with Employment Rate, Nonfarm Payrolls, Participation Rate, Average Hourly Earnings MoM & YoY, Average Weekly Hours, Government Payrolls, Manufacturing Payrolls, and Nonfarm Payrolls Private at 7:30 A.M., S&P Global Composite PMI Final and S&P Global Services PMI Final at 8:45 A.M., ISM Non-Manufacturing PMI, ISM Non-Manufacturing Employment, ISM Non-Manufacturing New Orders, ISM Non-Manufacturing Prices, and ISM Non-Manufacturing Business Activity at 9:00 A.M., Baker Hughes Oil & Total Rig Count at 2:00 P.M.

On the Corn Front the Employment number showed we added 517,000+ jobs and that leaves the question of other moves the FED may make other moves increasing already wild volatility. We have finally had a strong Export Sales report, including new sales to China. Wednesday nights strength in the markets were attributed to a weaker US dollar and Brazil concentrating on domestic consumption backing of corn exports until their second corn crop harvest. In other news Biden officials pressed on Mexico Trade Issue at a Farm Bill Hearing. Senator Chuck Grassley (R-Iowa) said, “when it comes to agriculture trade, the concern I hear from Iowans is access to Mexico’s corn market, Grassley continued, “with 90% of the corn acreage in the United States being planted to biotech seeds and Mexico being the number one purchaser of US corn, I’m concerned that this decree is not being met with the urgency that it deserves,” he said, referring to Mexican President Andres Manual Lopez Obradors decree that would phase out imports of GMO corn in 2024-extended to 2025 under a compromise Lopez Obrador’s administration recently offered, but which the US rejected. In the overnight electronic session the March corn is currently trading at 672 ¾ which is 2 ½ cents lower. The trading range has been 674 ¾ to 671 ½.

On the Ethanol Front the USDA expects no actions under the Feedstock Flexibility Program. The USDA’s Commodity Credit Corp. announced on Jan. 27 that it does not expect to purchase and sell sugar under the Feedstock Flexibility Program for crop year 2022, which runs through Oct. 1, 2022 through Sept 30, 2023. The CCC is required to announce quarterly estimates of sugar to be purchased for the FFP based on crop and consumption forecasts. Under Federal law, processors of sugar beets and domestically grown sugarcane can obtain USDA loans when the harvest begins. Still zero 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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February 3rd, 2023

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