On The 11th Hour, On The 11th Day Of The 11th Month
Good Morning,
Faith is more powerful than government and nothing is more powerful than God!
On the Corn front the weather outside is frightful and the markets are trading numbers that defy logic. December Corn is currently trading at 374 ½, which is 2 ¾ cents lower. The trading range has been 376 ½ to 373 ½.
On the Ethanol front the December contract posted a trade at 1.433, which is .015 higher. 1 contract trade the market is currently showing 1 bid @ 1.414 and 1 offer @ 1.437 with Open Interest at 326 contracts.
On the Crude Oil front the market is trading lower following the stock market’s lead with Canada observing their Remembrance Day and the news in the market will be ready tomorrow and not this Glorious Day. In the overnight electronic session the December Crude Oil is currently trading at 5639, which is 85 points lower. The trading range has been 5740 to 5625.
On the Natural Gas front we seem to be trading the weather modules cold weather is priced in. For how long? Wait for the next weather module. In the overnight electronic session the December Natural Gas is currently trading at 2.654, which is 13 ½ cents lower. The trading range has been 2.716 to 2.637.
Have a Great Trading Day!
And God Bless Our Men & Woman in UNIFORM!