The Dan Flynn Corn & Ethanol Report
Wednesday December 5th 2012
Good Morning!
In the overnight electronic session the December Corn is currently trading at
749 ½ which is 3 cents higher at this writing. The trading range has been 749 ½
to 745 ½ so far. The market sold off in yesterday’s open outcry session after
posting early gains in the overnight session and early in the open outcry session.
Profit taking is profit taking and in the midst of light volume that is what we saw
in yesterday’s action. In the long term I am still wearing my bull horns.
On the Energy Front the January Crude Oil is currently trading at 8861 which is 11 points
Higher at this writing. The trading range has been 8905 to 8835 so far. Yesterday we had
The weekly inventories from The American Petroleum Institute which showed a draw of
Crude stocks of 2.2 million barrels, Gasoline showed builds of 5.7 barrels and Distillates up
1.1 million barrels. This morning at 9:30 CST the Department of Energy will release their
weekly data. Traders are keeping a watchful eye on events unfolding in Egypt as the masses
continue to protest the tyranny of the extreme radical Islamist which has suffered a major
public relations blow overnight.
Stay Tuned!
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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Keep a civil tongue.