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 Existing Home Sales (Apr) and Existing Home Sales MoM (Apr) at 9:00 A.M., NY Fed Bill Purchases 1 to 4 months at 9:20 A.M., 3-Month & 6-Month Bill Auction at 10:30 A.M., and 3-Year Note Auction at 12:00 P.M.
Austin Schroeder with Barchart reports, corn futures closed the Friday session with contracts up 3 to 4 ½ cents across the board, as the July was down overall on the week 9 cents, with December losing 5 ½ cents. The Commodity View National average cash corn price was up 3 ¾ cents at 430 ¾. The weekly CFTC Commitment of Traders report from Friday showed managed money increasing their net long corn futures and options by 79,822 contracts to 343,925 contracts as of Tuesday. Commercials were increasing their net short by 108,804 to 663,170 contracts.
USDA’s Export Sales data has marketing year corn export commitments at 77.063 MMT, a 28% increase from the same period last year. That is 92% of the USDA export projection lags the 5-year average sales pace by just 2 percentage points. Shipments of 56.14 MMT are now 29% a head of year and is 67% of the USDA number and 3% ahead of the average shipping pace. The May WASDE report will be released tomorrow, with the street looking for old crop corn stocks estimated at 2.13 billion bushels vs. 2.127 BBU in April. The first 2926/27 US balance sheet will be released for the World Ag Outlook Board, with analysts surveyed at Bloomberg at an 1.942 BBU and a range of 1.7776-2.11 BBU. A South Korea imported purchased 136,000MT of corn in a tender Thursday night.
Have A Great Trading Day!
Contact me directly with any questions or open a trading account at 1-888-264-5665 or dflynn@pricegroup.com.
Corn Bulls Bounce Back into Friday’s Close. The Corn & Ethanol Report 05/11/2026
We kickoff the day with Existing Home Sales (Apr) and Existing Home Sales MoM (Apr) at 9:00 A.M., NY Fed Bill Purchases 1 to 4 months at 9:20 A.M., 3-Month & 6-Month Bill Auction at 10:30 A.M., and 3-Year Note Auction at 12:00 P.M.
Austin Schroeder with Barchart reports, corn futures closed the Friday session with contracts up 3 to 4 ½ cents across the board, as the July was down overall on the week 9 cents, with December losing 5 ½ cents. The Commodity View National average cash corn price was up 3 ¾ cents at 430 ¾. The weekly CFTC Commitment of Traders report from Friday showed managed money increasing their net long corn futures and options by 79,822 contracts to 343,925 contracts as of Tuesday. Commercials were increasing their net short by 108,804 to 663,170 contracts.
USDA’s Export Sales data has marketing year corn export commitments at 77.063 MMT, a 28% increase from the same period last year. That is 92% of the USDA export projection lags the 5-year average sales pace by just 2 percentage points. Shipments of 56.14 MMT are now 29% a head of year and is 67% of the USDA number and 3% ahead of the average shipping pace. The May WASDE report will be released tomorrow, with the street looking for old crop corn stocks estimated at 2.13 billion bushels vs. 2.127 BBU in April. The first 2926/27 US balance sheet will be released for the World Ag Outlook Board, with analysts surveyed at Bloomberg at an 1.942 BBU and a range of 1.7776-2.11 BBU. A South Korea imported purchased 136,000MT of corn in a tender Thursday night.
Have A Great Trading Day!
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