The Dan Flynn Corn & Ethanol Report
Monday November 19th 2012
Good Morning!
I hope you all had [a good weekend.
In the overnight electronic session the December Corn is currently trading
At 732 which is 5 cents higher. The trading has been 735 ½ to 726 ¼ so far.
The market will continue to trade off of plain and simple supply and demand.
And if the Supply/Demand numbers are accurate it is not going to be a pretty
Picture, Stay Tuned!
On the Energy Front the January Crude Oil is currently trading at 8808 which
Is 116 points higher at this writing. The trading range has been 8813 to 8711
So far. The downside this market was anticipating once again gets interrupted
By refinery outages due to hurricane Sandy and trouble in the Middle East with
Syria and Iran being their typical terrorists self!
Call me for daily entry levels.
Have a Great Trading Day!
Thanks,
Daniel Flynn
141 West Jackson Blvd | Suite 1340A | Chicago, Illinois 60604
312 264 4374 (Direct) | 800 769 7021 (Main) | 312 264 4399 (Fax)
Email: dflynn@pricegroup.com
Web: www.pricegroup.com
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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. TRADING IN FUTURES CONTRACTS, OPTIONS ON FUTURES CONTRACTS, AND FORWARD CONTRACTS IS NOT SUITABLE FOR ALL INVESTORS AND INVOLVES SUBSTANTIAL RISKS.
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