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We kickoff the day with S&P Global Manufacturing PMI Final at 8:45 A.M., Construction Spending MoM at 9:00 A.M., Export Inspections at 10:00 A.M., 3-Month & 6-Month Bill Auction at 10:30 A.M.
On the Corn Front investors in US Agriculture boosted corn and soybeans net long positions amid concerns with supply and demand fears as growing supply shortages in the summer months. No overnight electronic session will make traders wonder if we open with continued strength or profit taking with traders taking kids off the street. The March corn settled at 678 ½.
On the Ethanol Front a UK motorcycle manufacturer to test higher ethanol blends. While the DOE awards $1 million for bioenergy research. Bioenergy Technologies Office (BETO), Minority Serving Institution Stem Research and Development Consortium (MRTC). The DOE has leveraged the interagency agreement to reduce barriers to entry for Minority Serving Institutions (MSIs) and research partnerships. The ethanol futures remain dead in water starting 2023.
Have A Great Trading Day!
Dan Flynn
Questions? Ask Dan Flynn today at 312-264-4374
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Image and article originally from blog.pricegroup.com. Read the original article here.