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 MBA 30-Year Mortgage Rate, MBA Mortgage Applications, MBA Mortgage Market Index, MBA Mortgage Refinance Index, and MBA Purchase Index at 6:00 A.M., Core Inflation Rate MoM & YoY, Inflation Rate MoM & YoY, CPI, CPI s.a. at 7:30 A.M., EIA Energy Stocks at 9:30 A.M., 17-Week Bill Auction at 10:30 A.M., 10-Year Note Auction at 12:00 P.M., and Monthly Budget Statement at 1:00 P.M.
On the corn front we look to Mark Soderberg Sr. Ag Market Analyst with ADMIS. Corn prices were mixed within a penny or unchanged in expected two-sided trade this week. The market has shot its wad shorting the market in technically oversold territory as we head into tomorrow’s WASDE. Spreads firmed with yesterdays of day 3 of the Goldman roll. Support for July is at $4.05 with resistance at $4.41. The USDA announced a flash sale of 129 MT (4.7 Mil/BU) of old crop to an unknown buyer. Plantings advanced 4% to 97% just above a year ago and the five-year average of 96%. Ratings held steady at 67% GD/EX, remember ratings will be more intense in July, and followed much more closely. Overall ratings remain slightly below their historical average with lower health in con noted in the S Plains, OH, and NC. Emergence at 86% is in line with a year ago and 5-year average. Traders expect little change in corn stocks, both old and new crop, and 2026 production in tomorrows USDA updates. Old crop ending stocks unchanged at 2.142 Bil/Bu with a 25 Mil/Bu increase in exports offset by lower use in ethanol. Census exports in April at 296 Mil/Bu brought year-to-date shipments to 2,239 Bil, up 24% year-over-year vs. the USDA forecast of up 15.5%. To reach the current USDA estimate of 3.30 Bil/Bu sales May through August need to reach 1.061 Bil vs. 1,049 Bil a year ago. EU corn imports as of June come in 7th at 16.9 MMT down 10% YoY.
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.
Shake & Bake Before Tomorrow’s WASDE. The Corn & Ethanol Report 06/10/2026
We kickoff the day with MBA 30-Year Mortgage Rate, MBA Mortgage Applications, MBA Mortgage Market Index, MBA Mortgage Refinance Index, and MBA Purchase Index at 6:00 A.M., Core Inflation Rate MoM & YoY, Inflation Rate MoM & YoY, CPI, CPI s.a. at 7:30 A.M., EIA Energy Stocks at 9:30 A.M., 17-Week Bill Auction at 10:30 A.M., 10-Year Note Auction at 12:00 P.M., and Monthly Budget Statement at 1:00 P.M.
On the corn front we look to Mark Soderberg Sr. Ag Market Analyst with ADMIS. Corn prices were mixed within a penny or unchanged in expected two-sided trade this week. The market has shot its wad shorting the market in technically oversold territory as we head into tomorrow’s WASDE. Spreads firmed with yesterdays of day 3 of the Goldman roll. Support for July is at $4.05 with resistance at $4.41. The USDA announced a flash sale of 129 MT (4.7 Mil/BU) of old crop to an unknown buyer. Plantings advanced 4% to 97% just above a year ago and the five-year average of 96%. Ratings held steady at 67% GD/EX, remember ratings will be more intense in July, and followed much more closely. Overall ratings remain slightly below their historical average with lower health in con noted in the S Plains, OH, and NC. Emergence at 86% is in line with a year ago and 5-year average. Traders expect little change in corn stocks, both old and new crop, and 2026 production in tomorrows USDA updates. Old crop ending stocks unchanged at 2.142 Bil/Bu with a 25 Mil/Bu increase in exports offset by lower use in ethanol. Census exports in April at 296 Mil/Bu brought year-to-date shipments to 2,239 Bil, up 24% year-over-year vs. the USDA forecast of up 15.5%. To reach the current USDA estimate of 3.30 Bil/Bu sales May through August need to reach 1.061 Bil vs. 1,049 Bil a year ago. EU corn imports as of June come in 7th at 16.9 MMT down 10% YoY.
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