We started off the day with Fed Quarles Speech at 4:30 A.M., Industrial Production MoM & YoY (Sep), Manufacturing Production MoM & YoY (Sep)  and Capacity Utilization at 8:15 A.M., NAHB Housing Market Index (Oct) at 9:00 A.M., NY Fed Treasury Purchases 22.5 to 30 yrs. at 9:30 A.M., Ex ort Inspections at 10:00 A.M. 3-Month and 6-Month Bill Auction at 10:30 A.M., Monthly Budget Statement (Sep) at 1:00 P.M., Crop Progress, Overall Net Capital Flows (Aug), Foreign Bond Investment (Aug) and Net Long-Term Tic Flows (Aug) at 3:00 P.M.

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On the Corn front, the market seems to be in a lull as harvest continues. The December corn is currently trading at 525 ½ which is ¼ of a cent lower. The trading range has been 527 ¼ to 524 ¼.

On the Ethanol front, the RFA has reminded the president that low-carbon solution can solve pump price concerns. There has been no trade in the ethanol futures.

On the Crude Oil front, the market is flying higher this morning. This is mainly due to the self-inflicted wounds the administration hell bent on controlling the economy with an outdated game plan. In the overnight electronic session the November crude oil is currently trading at 8358 which is 130 points higher. The trading range has been 8387 to 8255.

On the Natural Gas front, the market is getting crunched in the overnight electronic session. This is even with the threat of shutting the tap and the US Supreme Court and stay of the Spire STL pipeline. There will be shortages this winter and another energy debacle by the current administration. In the overnight electronic session the November natural gas is currently trading at 5.175 which is 0.235 lower. The trading range has been 5.370 to 5.099.