« Return to 321energy.com


The Corn & Ethanol Report

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


The Corn & Ethanol Report 12/10/18

China Trade Truce Will Benefit U.S. Ags.

Good Morning!

Karen Braun with Thomson Reuters reports that the recent meeting with President Donald Trump and President Xi Jinping seems to have gone better than expected. The White House announced over the weekend the Beijing agreed to buy an unspecified but: very substantial: amount of U.S. commodities and that would be agricultural goods would start "immediately". This will spill over into Fed Grains and Pork products. We do have Export Inspections at 10:00 A.M. On the Corn front the March contract is currently trading at 384 which is 1 1/2 of a cent lower. The trading range has been 385 to 383 1/2.

On the Ethanol front the January contract is currently trading at 1.284 which is unchanged. The trading range has been 1.238 to 1.237. The market is currently showing 2 bids @ 1.237 and 1 offer @ 1.238 with 3 contracts traded and Open Interest at 1,880.

On the crude Oil front the market is selling off on no bearish news that I have seen. It could be the computers trying another stall tactic with strong fundamentals leaning to the bullish side of the market. In the overnight electronic session the January contract is currently trading at 5158 which is 103 points lower. The trading range has been 5281 to 5151.

On the Natural Gas front were trading lower on weather forecast predicting a warm-up if you can believe them. In the overnight electronic session the January contract is currently trading at 4.428 which is 6 cents lower. The trading range has been 4.663 to 4.390.



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.