API Energy Stocks Tomorrow. The Corn & Ethanol Report 10/10/17

This morning we will have Export Inspections at 10:00 A.M and Crop Progress at 3:00 P.M. ahead of Thursday’s Crop Production USDA Supply/Demand data. Change in the weather may spark a little rally before Thursday as the December contract was trading mostly lower in the overnight electronic session and is now currently trading at 350 which is a ½ of a cent higher. The trading range has been 350 to 348 ½.

On the Ethanol front there were no trades posted in the overnight electronic session. The November contract settled at 1.415 and is currently showing 1 bid @ 1.413 and 3 offers @ 1.433 with Open Interest on the decline to 1,025 contracts.

On the Crude Oil front the November contract worked above $50 a barrel in the overnight electronic session. The market is currently trading at 5013 which is 55 points higher. The trading range has been 5032 to 4954. The API Energy Stocks will be delayed one day coming out at the same time of the day Wednesday and the EIA will be released Thursday at 10:00 A.M. which is one hour earlier than the big Grain report.

On the Natural Gas front we are coming in higher with November contract currently trading at 2.878 which is 4 ½ cents higher in the overnight electronic session. The trading range has been 2.883to 2.833. With weather changing and apartments soon to be turning on the heat older buildings and if weather is any indication we should see some usage shortly as we wind down this shoulder season and could see a spike in prices.

Have a Great Trading Day!
Dan Flynn
Questions? Ask Dan Flynn today at 312-264-4374

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