The weather forecasted ahead and what was endured over the weekend has the Grain complex climbing higher since sinking into the abyss. In the overnight electronic session the July Corn is currently trading at 373 ½ which is 1 cent higher. The trading range has been 374 ¾ to 371 ¾.
We had no trading activity in the Ethanol market which the July contract settled at 1.505 and is currently showing 2 bids @ 1.504 and 5 offers at 1.522 with Open Interest at 1,224 contracts.
On the crude oil front the market is flying high with a much needed breakout to the upside and more revelations of President Trump striking many deals on defense with Saudi Arabia that will benefit our market and minimize our common enemy Iran to export terror into nations such as North Korea and Syria which the last U.S. bombing in Syria killed Iranians on the ground meddling in war with known subversives and terrorists.. In the overnight electronic session the July crude oil is currently trading at 5132 which is 65 points higher. The trading range has been 5142 to 5091.
On the Natural Gas front the June contract is currently last at 3.316 which is 6 cents higher. The trading range has been 3.323 to 3.279. It looks like investors are looking at the change in weather which will lead to excessive demand.