Thursday, November 11, 2021 11:13 AM EST
In honor of our brave Men & Woman serving our country we have a bank holiday and no reports scheduled today.
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On the Corn Front Export Sales will be delayed until tomorrow. The corn market traded sharply higher in yesterday’s action testing resistance at 571 as the World data on corn was bullish. The question in traders and farmers are if China will be back to buying before 2022 and what South American exports look like. In the overnight electronic session the December corn is currently trading at 568 ¼ which is 1 cent lower. The trading range has been 569 ½ to 566.
On the Ethanol Front production was down from last week but traders feel corn ethanol should rise as high as another 150 million bushels as prices are competitive for buyers. With strong demand we should expect to see some more wild swings. The ethanol futures are again showing zero Open Interest.
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 ...
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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.
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