Frost On The Way? The Corn & Ethanol Report

On the Natural Gas Front were seeing prices rise this morning mainly due to the weather outlook. The market has traded higher than the 5, 20, and 200 days moving average but not so on the 50 and 100 days average on the daily chart. The Baker Hughes rig count for natural gas rigs was up 2 at 93 rigs. The National Oceanic Atmospheric Administration said weather in the mid-west to be cooler than normal for the next 6-10 and 8-14 days. In the overnight electronic session, the May natural gas is currently trading at 2.575 which is .049 higher. The trading range has been 2.605 to 2.530.

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