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 and week with the government shutdown over. We will have a better education on reports coming out when we can get our people back to work. Today we also celebrate the Marine corps. And tomorrow all of our Veterans. Just a reminder the WASDE report is scheduled for Friday. Today we have 3-Month & 6-Month Bill Auction at 10:30 A.M., and `3-Year Note Auction at 12:00 P.M.
South American Weather Update
Normal Rain Forecast:
A typical November South American climate pattern lies ahead, and dryness will be confined to the fringe soy producing areas of north and northeastern Brazil. Heat will be absent as soil moisture levels jump. Ag Resources (ARC) reiterates South American weather Dec 1st onward begins to directly impact yield potential and extended range models will begin to peek in early Dec late next week. Heavy showers of 1-2” impacted Argentina overnight. Additional rainfall of .50+” impacts the northern half of Argentina’s Ag Belt into Sat/Sun before welcomed dryness emerges Nov 9-20th. All of Brazil will be well watered amid soaking rainfall this weekend across RGDS in the far south and tropical showers every 1-2 days elsewhere. The outlook for South American soy yield is favorable.
Corn Comments & Analysis
CBOT Corn Retreats in Test of Chart Support:
Corn markets globally ended lower on Friday, with Dec nearing key chart support at $4.23-$4.26. The market has a heavy feel as the last of US harvest piles up, and as global cash markets do not foreshadow any real supply tightness into middle/end of winter. Downside risk returns in bulk if NASS prints a yield above 182 BPA on Friday. A yield above 184 BPA will be taken as outright bearish. US & Argentine orn are offered at parity with one another into Feb-March. Ukrainian is offered competitively in Europe, the Mid-East & N Africa. A compelling bull story is lacking. Longer term, price direction from December onward will be driven by Argentine yield potential. Lasting heat/dryness is not expected into late November. Dec weather is key to first crop Argentine yields. Recall large Argentine yields were rather bearish of corn in the winters of 2018 & 2019. Continue to reward rallies! The world does not need record large US, Brazilian and Argentine corn crops in the same year. Ukraine FOB corn is being competitive into EU feed grain. Friday’s US corn yield is key to longer term price direction.
Semper Fidelis Marine Corps.!
Contact me directly with any questions or open a trading account at 1-888-264-5665 or dflynn@pricegroup.com.
Semper Fi Happy 250th Marine Corps! The Corn & Ethanol Report 11/10/2025
We kickoff the day and week with the government shutdown over. We will have a better education on reports coming out when we can get our people back to work. Today we also celebrate the Marine corps. And tomorrow all of our Veterans. Just a reminder the WASDE report is scheduled for Friday. Today we have 3-Month & 6-Month Bill Auction at 10:30 A.M., and `3-Year Note Auction at 12:00 P.M.
South American Weather Update
Normal Rain Forecast:
A typical November South American climate pattern lies ahead, and dryness will be confined to the fringe soy producing areas of north and northeastern Brazil. Heat will be absent as soil moisture levels jump. Ag Resources (ARC) reiterates South American weather Dec 1st onward begins to directly impact yield potential and extended range models will begin to peek in early Dec late next week. Heavy showers of 1-2” impacted Argentina overnight. Additional rainfall of .50+” impacts the northern half of Argentina’s Ag Belt into Sat/Sun before welcomed dryness emerges Nov 9-20th. All of Brazil will be well watered amid soaking rainfall this weekend across RGDS in the far south and tropical showers every 1-2 days elsewhere. The outlook for South American soy yield is favorable.
Corn Comments & Analysis
CBOT Corn Retreats in Test of Chart Support:
Corn markets globally ended lower on Friday, with Dec nearing key chart support at $4.23-$4.26. The market has a heavy feel as the last of US harvest piles up, and as global cash markets do not foreshadow any real supply tightness into middle/end of winter. Downside risk returns in bulk if NASS prints a yield above 182 BPA on Friday. A yield above 184 BPA will be taken as outright bearish. US & Argentine orn are offered at parity with one another into Feb-March. Ukrainian is offered competitively in Europe, the Mid-East & N Africa. A compelling bull story is lacking. Longer term, price direction from December onward will be driven by Argentine yield potential. Lasting heat/dryness is not expected into late November. Dec weather is key to first crop Argentine yields. Recall large Argentine yields were rather bearish of corn in the winters of 2018 & 2019. Continue to reward rallies! The world does not need record large US, Brazilian and Argentine corn crops in the same year. Ukraine FOB corn is being competitive into EU feed grain. Friday’s US corn yield is key to longer term price direction.
Semper Fidelis Marine Corps.!
Contact me directly 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