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The Corn & Ethanol Report

Daniel Flynn
http://www.pricegroup.com/
dflynn@pricegroup.com


USDA Data Lands Neutral for Corn. The Corn & Ethanol Report 04/01/2026

We kickoff the day with MBA 30-Year Mortgage Rate, MBA Mortgage Market Index, MBA Mortgage Applications, MBA Mortgage Refinance Index, and MBA Purchase Index at 6:00 A.M., ADP Employment Change at 7:15 A.M., Retail Sales MoM & YoY, Retail Sales Control Group MoM, Retail Sales Ex Autos MoM, and Retail Sales Ex Gas/Autos MoM at 7:30 A.M., Fed Musalem Speech at 8:05, Fed Barr Speech at 8:13 A.M., NT Fed Bill Purchases 1 to 4 months at 8:20 A.M., S&P Global Manufacturing PMI Final at 8:45 A.M., ISM Manufacturing Employments, ISM Manufacturing Prices, Business Inventories MoM, and Retail Inventories MoM at 9:00 A.M., EIA Energy Stocks at 9:30 A.M., and 17-Week Auction at 10:30 A.M.

On the corn front prices finished unchanged to a ¼ of a cent higher in choppy 2-sided trade, while spreads firmed. Mark Soderberg with ADM viewed yesterday’s USDA data neutral for corn. A wave of precipitation are expected across the central Midwest this week with 2-3” common that include E KS, OK, and TX. Lighter amounts for the N Plains, Western Corn Belt, and Southeast. Parts of the far SW Plains continue to miss out. Indications the war with Iran may end soon while other nations in the region taking the lead to reopen the Straights of Hormuz, led to a rally in the stock market and should ease price in the energy sector and will be felt at the pump and fertilizer prices when crude prices tank to $50 a barrel level. Narch 1st corn stocks were a record high at 9.024 Bil Bu which was 80 Mil below expectations and up 875 Mil from a year ago. Stocks Q1 & Q2 usage at 94% is below 96% from a year ago and 10-year average of 101%. Planting intentions at 95.338 Mil acres were down 3.45 Mil from a year ago, however, nearly 1 Mil above expectations. Planted acres the 2nd highest in the past decade as surging input costs did drive away as many acres expected. The 4 producing states all saw reduced acres, IA -3.3%, IL -2.7%, NE -4.2%, and MN -3.4%. Principal acres to major crops down 1.5 Mil to 310 Mil the lowest in 6 years.

Have A Great Trading Day!



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Contact Dan at (888) 264-5665 or dflynn@pricegroup.com.