Amazon Apple GE Earnings, FOMC & GDP Ahead. The Corn & Ethanol Report

On the Crude Oil front the market was trading 100 lower early but rallied to trade 40 points higher, only to once again tumble-down the slippery slope of demand and storage concerns. The June contract is currently trading at 1111 which is 167 points lower. The trading range has been 1318 to 1007.

On the Natural Gas front it is Last Trading Day on the May contract. The market found some support in shoulder season with unseasonable colder weather on the east coast. Otherwise it is the same old song, stop production, there no other place to store if we can’t move it down the pipeline. In the overnight electronic session the June contract is currently trading at 1.981 which is 6 ½ cents higher. The trading range has been 1.991 to 1.884.

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