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 Core PCE Price Index MoM & YoY, Personal Income MoM, Personal Spending MoM, Goods Trade Balance MoM, PCE Price Index MoM & YoY, Retail Inventories Ex Autos MoM Adv, and Wholesale Inventories MoM at 7:30 A.M., Chicago PMI at 8:45 A.M., Michigan Consumer Sentiment Final, Michigan 5 Year Inflation Expectations Final, Michigan Consumer Expectations Final, Michigan Current Conditions Final, and Michigan Inflation Expectations at 9:00 A.M., and Baker Hughes Oil & Total Rigs Count at 12:00 P.M.
Prices rallied late in yesterday’s action making new highs into the close. Analyst point out the late strength was driven by lowering production forecasts in Europe. Also, speculators are looking at the YSDA’s record yield is too high. The European Commission lowered their EU corn production estimate 2.5 MMT’s to 57.6 MMT’s inline with the US forecast of 58 MMT. The EC also raised their EU corn import forecast slightly to 18.8 MMT, still below the USDA forecast of 22 MMT. (Keep in mind the Energy Agreement with the US as EU imports should be on the rise) Stats Canada is forecasting Canadian corn production at 15.55 MMT, in 2025, just above the 15.24 MMT a year ago. The LSEG is forecasting US corn production at 16.320 Bil Bu, 422 Mil Bu below USDA’s est., as they see lower acreage and average yields at 185.4 BPA below USDA’s est. 188.8 BPA. Export Sales were inline with expectations. Keep in mind the Ukraine and Russia’s ongoing war with no end in sight we could see a flurry of sanctions and tariff escalation due the Russian war machine and countries buying their energy. Also, Ukraine Black Sea Corridor could be a target for exporting. On any further rallies we could see forward selling and funds may come in and add to their modest net short position.
Have A Great Trading Day!
Contact me with any questions or open a trading account at 1-888-264-5665 or dflynn@pricegroup.com
Corn Rallies EU Production Cuts; Boost Imports Probable. The Corn & Ethanol Report 08/29/2025
We kickoff the day with Core PCE Price Index MoM & YoY, Personal Income MoM, Personal Spending MoM, Goods Trade Balance MoM, PCE Price Index MoM & YoY, Retail Inventories Ex Autos MoM Adv, and Wholesale Inventories MoM at 7:30 A.M., Chicago PMI at 8:45 A.M., Michigan Consumer Sentiment Final, Michigan 5 Year Inflation Expectations Final, Michigan Consumer Expectations Final, Michigan Current Conditions Final, and Michigan Inflation Expectations at 9:00 A.M., and Baker Hughes Oil & Total Rigs Count at 12:00 P.M.
Prices rallied late in yesterday’s action making new highs into the close. Analyst point out the late strength was driven by lowering production forecasts in Europe. Also, speculators are looking at the YSDA’s record yield is too high. The European Commission lowered their EU corn production estimate 2.5 MMT’s to 57.6 MMT’s inline with the US forecast of 58 MMT. The EC also raised their EU corn import forecast slightly to 18.8 MMT, still below the USDA forecast of 22 MMT. (Keep in mind the Energy Agreement with the US as EU imports should be on the rise) Stats Canada is forecasting Canadian corn production at 15.55 MMT, in 2025, just above the 15.24 MMT a year ago. The LSEG is forecasting US corn production at 16.320 Bil Bu, 422 Mil Bu below USDA’s est., as they see lower acreage and average yields at 185.4 BPA below USDA’s est. 188.8 BPA. Export Sales were inline with expectations. Keep in mind the Ukraine and Russia’s ongoing war with no end in sight we could see a flurry of sanctions and tariff escalation due the Russian war machine and countries buying their energy. Also, Ukraine Black Sea Corridor could be a target for exporting. On any further rallies we could see forward selling and funds may come in and add to their modest net short position.
Have A Great Trading Day!
Contact me with any questions or 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