The Dan Flynn Corn & Ethanol Report
Wednesday November 28th 2012
Good Morning!
The API numbers were not a dramatic surprise last night with Crude Stocks
up 2 million barrels and Gasoline up 2.3 million and Distillates up 268 thousand
barrels. In the overnight electronic session the January Crude Oil is currently
trading at 8660 which is 58 points lower at this writing. The trading range has been
8734 to 8651 so far. The Department of Energy will release their weekly data at
9:30 CST on inventories to confirm the API data. We already know supplies are abundant
And we look to refinery capacity to crack Crude into Gasoline and Heating Oil in this
winter season.
Stay Tuned!
On the Corn Front the December Corn is currently trading at 759 ¾ which is ¼ of a cent
Lower in the overnight electronic session as I write. The trading range has been 761 ¼ to
757 so far. The market is in a temporary lull after days of gains that are significant. I still
expect further rallies and we will be focusing on March Corn tomorrow because Friday
is First Notice Day on all December Grain markets.
Today is a Full Moon Be Careful!
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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