The Dan Flynn Corn & Ethanol Report
Tuesday November 20th 2012
Good Morning!
In the overnight electronic session the December Corn is currently trading at 739 ½ which
is ¾ of a cent higher. The trading range has been 740 to 737 ½ so far. The market is finding
a base of support as reality of supply and demand are coming into focus in this market. The
market is also getting support from the EWPA’s rejection of a temporary waiver of the Ethanol
mandate which is more bullish news for Corn.
On the Energy Front the January Crude Oil is currently trading at 8888 which is 40 points lower
In the overnight action. The trading range has been 8919 to 8853 so far. The market seems to be
Searching for a reason to break to the downside, however events in the Middle-East and refinery
issues should support the market.
Stay Tuned.
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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