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We kickoff the da 12:00 P.M. and Dairy Products Sales at 2:00 P.M. with MBA Purchase Index (04/Nov), MBA Mortgage Applications (04/Nov) and MBA 30-Year Mortgage Rate (04/Nov) at 6:00 A.M., Wholesale Trade at 7:30 A.M., EIA Energy Stocks at 9:30 A.M., Fed Barkin Speech at 10:00 A.M., Crop Production USDA Supply/Demand and WASDE at 11:00 A.M., 10-Year Note Auction at 12:00 P.M. and Dairy Products Sales at 2:00 P.M.
On the Corn Front we had for flash sales yesterday for corn and soybeans, the most in a long time. However, this did not help the corn as it traded lower. We are currently trading lower as we head into the WASDE number. I know this weekend weather may slow harvest.
On the Ethanol Front blending for fuel into gas hit 8.1% on better ethanol supplies and very tight energy supplies. There were no trades in ethanol futures.
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.