Halloween exports were not bad but momentum in this market showed convictions of doubt in bullish investors’ minds. With the U.S. dollar trading at nine month highs although it is looking weak this morning which could ignite a welcome fire in the commodity sector? In the overnight electronic session the December Corn is currently trading at 352 ¾ which is 2 cents lower. The trading range has been 354 ¾ to 352 ½. As we close in the finality of another harvest I anticipate this market will show strength with demand.

On the Ethanol front there were no trades posted in the overnight electronic session. The December contract settled at 1.569 and is currently showing 5 bids @ 1.545 and 1 offer @ 1.584. This market is trading the election and what if, if any at all, Energy Policy that the new administration will have.

On the Crude Oil front OPEC countries are continuing their feud of production reductions and this debate when U.S. frackers coming back will have investors scratching their heels as the oil glut consumers see now is nothing more than a mirage with Emerging markets in China and India will swallow up product fast. In the overnight electronic session the December Crude Oil is currently trading at 4698 which is 12 tics higher. The trading range has been 4721 to 4656.

On the Natural Gas front the market is in selloff mode with the unseasonable warm weather we have been experiencing. This market is still oversold and the fickle hand of fate and Mother Nature can turn on a moment’s notice. And when the weather turns and the change in extremes to cold weather this market will make it’s move. In the overnight electronic session the December Natural Gas is currently trading at 2.983 which is 4.3 cents lower. The trading range has been 3.029 to 2.958. We could see further pressure on this market until this warm weather lifts and gives us winter.