Friday, November 19, 2021 11:36 AM EST
We started off today with NY Fed Treasury Purchases TIPS 1 to 7.5 yrs. at 9:30 A.m., Fed Waller Speech at 9:45 A.M., Fed Clarida Speech at 11:15 A.M., Baker Hughes Oil & Total Rig Count at 12:00 P.M., and Cattle on Feed at 2:00 P.M.
![green-leafed plants](https://images.unsplash.com/photo-1562702076-c719c8796b8d?ixlib=rb-1.2.1&ixid=eyJhcHBfaWQiOjEyMDd9&auto=format&fit=crop&w=1000&q=80)
Image Source: Unsplash
On the Corn Front, the futures rallied early on fresh new buying from funds. The market did erase those early gains as the market will continue to need bullish news to get this party started. And that would be exports that also showed signs of life. The volatility continues the wild swings just like the Full Blood Lunar Eclipse which is keeping traders on edge. In the overnight electronic session, the December corn is currently trading at 569 which is 4 cents lower. The trading range has been 576 to 568.
On the Ethanol Front, with gas prices reaching above $3 gallon refiners are being faithful to ethanol as we are going to be in one major gas and energy crunch this winter. European Covid fears has cast a pall on today’s energy market. The ethanol futures remain quiet.
Disclaimer: A Subsidiary of Price Holdings, Inc. – a Diversified Financial Services Firm. Member NIBA, NFA Past results are not necessarily indicative of future results. Investing in ...
more
Disclaimer: A Subsidiary of Price Holdings, Inc. – a Diversified Financial Services Firm. Member NIBA, NFA Past results are not necessarily indicative of future results. Investing in futures can involve substantial risk of loss & is not suitable for everyone. Trading foreign exchange also involves a high degree of risk. The leverage created by trading on margin can work against you as well as for you, and losses can exceed your entire investment. Before opening an account and trading, you should seek advice from your advisors as appropriate to ensure that you understand the risks and can withstand the losses. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or futures. The Price Futures Group, its officers, directors, employees, and brokers may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction. Reproduction and/or distribution of any portion of this report are strictly prohibited without the written permission of the author. Trading in futures contracts, options on futures contracts, and forward contracts is not suitable for all investors and involves substantial risks.
less
How did you like this article? Let us know so we can better customize your reading experience.