Corn

On the Corn front, we had a nice turnaround in Monday’s trading session. Corn settled on a strong close-to-boot. Drier and warmer temperatures are forecasted. Brazil’s crop woes continue and U.S. exports should pick up as we brace for the August 12^th report and all traders will be thinking yields. In the overnight electronic session, the December corn is currently trading at 555 ½ which is 3 ¾ cents lower. The trading range has been 557 ¼ to 554 ½.

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Ethanol

On the Ethanol front, corn for ethanol use for June dropped slightly from the previous month, but way ahead of last year with the lockdown in full force. The next USDA corn for ethanol use is August 14^th. There were no trades posted in the overnight electronic session. The September contract settled at  2.220 and is currently showing no market and 0 Open Interest.

Crude Oil

On the Crude Oil Front, the market was trading on fears of the unknown but a different headline to stir the pot. Monday’s washout could bring another rally if traders believe the market was overdone on the news. And the API Energy Stocks could be the spark that ignites another rally. In the overnight electronic session, the September crude oil is currently trading at 7167 which is 41 points higher. The trading range has been 7173 to 7137.

Natural Gas

On the Natural Gas front, the market is trying to roar back after profit-taking last week on negative news. This market has become a hot market with weather both hot and cold. People more and more do not want their houses running on near all-electric power. If it is cold they want to heat and if is hot they want the power grid to sustain volatile demand and not have rolling blackouts. In the overnight electronic session, the September natural gas is currently trading at 3.975 which is 0.40 higher. The trading range has been 3.981 to 3.959.