Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

The Corn And Ethanol Report: 12/16/19

Published 12/16/2019, 10:57 AM
Updated 07/09/2023, 06:31 AM
ZC
-
1ZEc1
-

Trade Deals Have Markets Rock’n To Jingle Bell Rock

Good Morning!

We have Export Inspections at 10:00 A.M. and NOPA Crush at 11:00 A.M. Commodity prices are rolling with not only higher economic expectations out of China but also the long awaited trade deal is now coming into fruition and will be a benchmark for further trade negotiation in the future. Let’s not stop yet. Now that “Phase1” has been achieved now lets move forward and get the next part done. Also, Great Britain overwhelmingly voted out of the E.U., hopefully, the U.S. can reach a trade deal and become partners as well. In the overnight electronic session the March Corn is currently trading at 386, which is 5 cents higher. The trading range has been 388 ¼ to 383 ¼.

On the Ethanol front we are seeing support in prices with strong Energy and Grain prices. In the overnight electronic session the January contract is currently trading at 1.386, which is .018 higher. The trading range has been 1.390 to 1.386.

Have a Great Trading Day

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.