The Corn & Ethanol Report Friday July 23rd 2010

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Good Morning!

Tropical Storm Bonnie is no longer lying over the ocean.Heavy rains willfollow ther aftrmath of the initial blow to Floridians.The heavy hurricane season the gulf is experiencing  due to Mother Nature is hindering the workers trying fix and cap the leak. Stay Tuned!

The December Corn is trading at 391 ½ which is up 1 ¼ cents in electronic trading session.
At these levels the market continues to make wild swings as we are at resistance and waiting to punch
through. Expect a new leg up very soon.

On the Energy Front the September Crude Oil is trading lower after yesterdays rally.
All eyes are on the threats in the gulf and threats in the Middle East and Korean Peninsula.
That coupled with the Stock Market having wheels to the upside due to earnings are keeping
the bearish sentiment out of the market. I still believe we are overbought.

Have a Great Trading Day !
Call me for recommendations in these wild and crazy markets!
1-800-935-6487
1-312-563-8093
dflynn@pfgbest.com

There is substantial risk of loss trading commodity futures and options.
Past performance is not indicative of future results.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Commodities

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