Unemployment Data. The Corn & Ethanol Report

We started off the day with Unemployment and U.S. Trade Balance at 7:30 A.M., Fed Evans Speech at 8:00 A.M., Fed Bowman Speech, Factory Orders MoM (OCT), and Factory Orders ex Transportation (OCT) at 9:00 A.M., Baker Hughes Oil & Total Rig Count at 12:00 P.M.

I also have a solution to those I power having an extremely hard time obeying their own COVID “rules,” which has locked-out or locked-up business owners and damaging the economy not to mention the dream of the small business entrepreneur. The option of the exercise if this were implemented, politicians that do not adhere to what they have told the voters to do when closing down their livelihood, is get sacked with the RICO Act and this would definitely have their attention as laws they impose, which some helping out other business’ that are frequent giving campaign finding.This would be a game-changer that the laws they impose will have to be honored by them in their so-called ethics which should felt by state and local government to the Beltway. We would see less squeezing of small honest business and the rise of criminal operations.

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On the Corn front, the market traded higher as rains in Brazil’s forecast took a back seat to China buying more corn, sorghum, and wheat. The Chinese also wrote a new law on management of grain reserves in regions and provinces seeking to bolster food security. Stating that reserves would only be used in cases of obvious food shortages, significant price moves, and natural disasters or other emergencies. This does remind me back in the summer months when China was auctioning of all of their reserves and grain stocks at a whole. The Trade Deal definitely came into play as designed with an even playing field, not that the Peoples Republic of China are used to that way. Throw in a bumper crop and we have the best grain market since 1986. Expect to see a lot more Export Sales. In the overnight electronic session the March Corn is currently trading at 424 ¼ which is 2 ¼ cents lower. The trading range has been 426 ¾ to 423 ¾.

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