Dan Flynn is the writer of The Corn & Ethanol Report, a daily market letter covering grains, energies, and various global issues that are the driving force and backbone of the commodity markets. Contact Mr. Flynn at (312) 264-4374
We kickoff the day with Building Permits Final and Building Permits MoM at 6:20 A.M., Fed Bostic Speech at 7:25 A.M., Chicago Fed National Activity Index at 7:30 A.M., New Home Sales and New Home Sales MoM at 9:00 A.M., Dallas Fed Manufacturing Index and Fed Cook Speech at 9:30 A.M., Export Inspections at 10:00 A.M., 3-Month & 6-Month Bill Auction at 12:00 P.M., and Cold Storage at 2:00 P.M.
The market is now keying on Thursday’s Prospective Plantings and Quarterly Grain Stocks. Also, the EIA will update US biodiesel operation capacity and feedstock on Friday. Position squaring and risk reduction will be featured with the Prospective Plantings, which historically produce more volatility. Katy Bar the Door and buckle up your chinstrap. US corn estimate’s 91.9 Mil Acres of corn seeding with stocks coming in at 8,427 Mil Bu. Soybean seedings are expected at 86.5 Mil acres with stocks at 1,828 Mil Bu. Wheat will be a wildcard as spring and winter wheat are still being tabulated. The one thing this report will solve any doubts on whether the US produced a record corn yield in 2023.
It’s Not What You Plant But What You Grow. The Corn & Ethanol Report 03/25/2024
We kickoff the day with Building Permits Final and Building Permits MoM at 6:20 A.M., Fed Bostic Speech at 7:25 A.M., Chicago Fed National Activity Index at 7:30 A.M., New Home Sales and New Home Sales MoM at 9:00 A.M., Dallas Fed Manufacturing Index and Fed Cook Speech at 9:30 A.M., Export Inspections at 10:00 A.M., 3-Month & 6-Month Bill Auction at 12:00 P.M., and Cold Storage at 2:00 P.M.
The market is now keying on Thursday’s Prospective Plantings and Quarterly Grain Stocks. Also, the EIA will update US biodiesel operation capacity and feedstock on Friday. Position squaring and risk reduction will be featured with the Prospective Plantings, which historically produce more volatility. Katy Bar the Door and buckle up your chinstrap. US corn estimate’s 91.9 Mil Acres of corn seeding with stocks coming in at 8,427 Mil Bu. Soybean seedings are expected at 86.5 Mil acres with stocks at 1,828 Mil Bu. Wheat will be a wildcard as spring and winter wheat are still being tabulated. The one thing this report will solve any doubts on whether the US produced a record corn yield in 2023.
Have A Great Trading Day!
Thanks,
Questions? Ask Dan Flynn today at 312-264-4374Daniel Flynn