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 Fed Barkin Speech at 7:00 A.M., Durable Goods Orders MoM, GDP Growth Rate QoQ Final, Chicago Fed National Activity Index, Corporate Profits QoQ Final, Durable Goods Orders Ex Transportation MoM, GDP Price Index QoQ Final, Goods Trade Balance Adv., Initial Jobless Claims, Retail Inventories Ex Autos MoM Adv., Wholesale Inventories MoM Adv., Continuing Jobless Claims, Core PCE Prices QoQ Final, Durable Goods Orders ex Defense MoM, GDP Sales QoQ Final, Jobless Claims 4-Week Average, Non-Defense Goods Orders Ex Air, PCE Prices QoQ Final, and Real Consumer Spending QoQ Final at 7:30 A.M., Fed Hammack Speech at 8:00 A.M., Pending Home Sales MoM & YoY at 9:00 A.M., EIA Natural Gas Storage at 9:30 A.M., Kansas Fed Composite Index and Kansas Fed Manufacturing Index at 10:00 A.M., 4-Week & 8-Week Bill Auction at 10:30 A.M., 15-Year & 30-Year Mortgage Rate at 11:00 A.M., 7-Year Note Auction at 2:00 P.M., Fed Barr Speech at 12:15 P.M., Hogs & Pigs at 2:00 P.M., Fed Balance Sheet at 3:30 P.M., Fed Kashkari Speech at 6:00 A.M.
Earlier in the week, the national Association of Realtors reported that existing home sales in May rose 1% from April and were down 1% from a year ago. On Wednesday, the Census Bureau reported that new home sales fell 14% from April and were 6% less than last year at 623,000 homes. This was the 2nd lowest in 2 years. Total home sales in May were down 1%for the month and 2% less than a year, at a 7-month low of 4.65 Mil homes. From late 2012 to late 2022, monthly home sales were only briefly below 5 Mil homes during the pandemic and swelled to more than 7.5 Mil homes by the end of the year amid historically low interest rates and government stimulus. Total home sales have now been below 5 Mil homes in 29 of the last 31 months as mortgage rates held steady from 6.50% to 7.00%. As Hank The Tank opined in a report: Federal Reserve Chairman, a known antagonist, once again proved his disdain for the American people during his recent Senate Banking Committee testimony. Despite overwhelming evidence of a booming Trump economy, Powell stubbornly refused to cut interest rates, hiding behind the flimsy excuse that inflation “might rise” in the coming months. This is the same Powell who infamously dismissed Biden’s inflation crisis as “transitory” – only for it to spital into 40-year highs. Now, with President Trump back in office delivering historic economic growth, Powell’s refusal to lower rates reeks of political sabotage. The data doesn’t lie. Under Trump’s pro-growth policies, the US economy is thriving – yet Powell seems hellbent on stifling progress. Compare this to the Obama years when Powell kept rates artificially low at 0.25%, fueling Wall St. while Main St. Languished. But the moment Trump took office in 2017, Powell aggressively hiked rates, deliberately slowing the economy. Now with Trump back in the White House, Powells inaction is costing American Families Billions!
Central US Weather Pattern Update
Rain Falls as Expected in NE?IA; Additional Precipitation Blankets Corn Belt Next Five Days:
The Central US forecast remains nearly ideal in the first week of July as amplified high pressure Ridging exits the E Midwest. A quick moving jet stream realigns itself across the Northern Plains & Great Lakes, which produces ample shower chances and relatively cooler temps into the missile part of next week. Rainfall of .03-4.00” has been recorded in eastern NE, northeastern KS, northern MO, IA, and WI into today. Lite but welcomed rain expands into the E Midwest on the weekend. Heat in the E Midwest fades completely by Sunday. Longer term moisture deficits in NE/W IA will be eased or eliminated by the weekend.
NOAA Forecast Warm but Wet:
Confidence in the details of monthly climate guidance is low until the tail end of the previous month, and so Ag Resources (ARC) highlights that NOAA’s CFSv2 model projects a fairly routine climate pattern into July. NOAA places higher than normal odds of extreme heat across TX and the Western US. Warmer than normal temps are forecast in most regions. However, NOAA’s July precipitation probability forecast keeps intact a pattern of regular rainfall in all but TX/OK and the western Canadian Prairies. Notice that normal/above normal rainfalls outlines the principal US Corn Belt, and this in part based on operational model guidance calling for the return of rainfall to KY and the eastern Midwest July 5-10. Corn in IL is forecast to reach 50% silking by July 13th.
Have A Great Trading Day!
Contact me directly with any questions or to open a trading account at 1-888-264-5665 or dflynn@pricegroup.com
Sayonara Jerome Powell- Couldn’t Come Fast Enough. The Corn & Ethanol Report 06/26/2025
We kickoff the day with Fed Barkin Speech at 7:00 A.M., Durable Goods Orders MoM, GDP Growth Rate QoQ Final, Chicago Fed National Activity Index, Corporate Profits QoQ Final, Durable Goods Orders Ex Transportation MoM, GDP Price Index QoQ Final, Goods Trade Balance Adv., Initial Jobless Claims, Retail Inventories Ex Autos MoM Adv., Wholesale Inventories MoM Adv., Continuing Jobless Claims, Core PCE Prices QoQ Final, Durable Goods Orders ex Defense MoM, GDP Sales QoQ Final, Jobless Claims 4-Week Average, Non-Defense Goods Orders Ex Air, PCE Prices QoQ Final, and Real Consumer Spending QoQ Final at 7:30 A.M., Fed Hammack Speech at 8:00 A.M., Pending Home Sales MoM & YoY at 9:00 A.M., EIA Natural Gas Storage at 9:30 A.M., Kansas Fed Composite Index and Kansas Fed Manufacturing Index at 10:00 A.M., 4-Week & 8-Week Bill Auction at 10:30 A.M., 15-Year & 30-Year Mortgage Rate at 11:00 A.M., 7-Year Note Auction at 2:00 P.M., Fed Barr Speech at 12:15 P.M., Hogs & Pigs at 2:00 P.M., Fed Balance Sheet at 3:30 P.M., Fed Kashkari Speech at 6:00 A.M.
Earlier in the week, the national Association of Realtors reported that existing home sales in May rose 1% from April and were down 1% from a year ago. On Wednesday, the Census Bureau reported that new home sales fell 14% from April and were 6% less than last year at 623,000 homes. This was the 2nd lowest in 2 years. Total home sales in May were down 1%for the month and 2% less than a year, at a 7-month low of 4.65 Mil homes. From late 2012 to late 2022, monthly home sales were only briefly below 5 Mil homes during the pandemic and swelled to more than 7.5 Mil homes by the end of the year amid historically low interest rates and government stimulus. Total home sales have now been below 5 Mil homes in 29 of the last 31 months as mortgage rates held steady from 6.50% to 7.00%. As Hank The Tank opined in a report: Federal Reserve Chairman, a known antagonist, once again proved his disdain for the American people during his recent Senate Banking Committee testimony. Despite overwhelming evidence of a booming Trump economy, Powell stubbornly refused to cut interest rates, hiding behind the flimsy excuse that inflation “might rise” in the coming months. This is the same Powell who infamously dismissed Biden’s inflation crisis as “transitory” – only for it to spital into 40-year highs. Now, with President Trump back in office delivering historic economic growth, Powell’s refusal to lower rates reeks of political sabotage. The data doesn’t lie. Under Trump’s pro-growth policies, the US economy is thriving – yet Powell seems hellbent on stifling progress. Compare this to the Obama years when Powell kept rates artificially low at 0.25%, fueling Wall St. while Main St. Languished. But the moment Trump took office in 2017, Powell aggressively hiked rates, deliberately slowing the economy. Now with Trump back in the White House, Powells inaction is costing American Families Billions!
Central US Weather Pattern Update
Rain Falls as Expected in NE?IA; Additional Precipitation Blankets Corn Belt Next Five Days:
The Central US forecast remains nearly ideal in the first week of July as amplified high pressure Ridging exits the E Midwest. A quick moving jet stream realigns itself across the Northern Plains & Great Lakes, which produces ample shower chances and relatively cooler temps into the missile part of next week. Rainfall of .03-4.00” has been recorded in eastern NE, northeastern KS, northern MO, IA, and WI into today. Lite but welcomed rain expands into the E Midwest on the weekend. Heat in the E Midwest fades completely by Sunday. Longer term moisture deficits in NE/W IA will be eased or eliminated by the weekend.
NOAA Forecast Warm but Wet:
Confidence in the details of monthly climate guidance is low until the tail end of the previous month, and so Ag Resources (ARC) highlights that NOAA’s CFSv2 model projects a fairly routine climate pattern into July. NOAA places higher than normal odds of extreme heat across TX and the Western US. Warmer than normal temps are forecast in most regions. However, NOAA’s July precipitation probability forecast keeps intact a pattern of regular rainfall in all but TX/OK and the western Canadian Prairies. Notice that normal/above normal rainfalls outlines the principal US Corn Belt, and this in part based on operational model guidance calling for the return of rainfall to KY and the eastern Midwest July 5-10. Corn in IL is forecast to reach 50% silking by July 13th.
Have A Great Trading Day!
Contact me directly with any questions or to open a trading account at 1-888-264-5665 or dflynn@pricegroup.com
Thanks,
Dan Flynn
Questions? Ask Dan Flynn today at 312-264-4374