Good Morning!
In the overnight electronic session the March corn is currently trading at 367 3/3, which is 4 ½ cents higher. The trading range has been 368 ½ to 364 so far. The market seems poised to jump out the box early this week.
On the ethanol front there were no trades posted in the February contract. The March is currently trading at 1.387, which is .017 of a cent higher. The trading range has been 1.387 to 1.380.
On the crude oil front we are switching to March as the February contract expires today. In the overnight electronic session the March is currently trading at 3070, which is 31 cents higher. The trading range has been 3136 to 2935 so far. The weekly API data will be released tomorrow due to Monday’s holiday.
On the natural gas front the February contract is currently trading at 2.134, which is .034 cents higher. The trading range has been 2.170to 2.044. The cold weather may push prices higher in today’s trading session.
Have a Great Trading Day!