11/10/26 Afternoon CommStock Report – WASDE REPORT BULLISH

The Commstock Report is a twice daily market report. 11/10/2026 WASDE REPORT BULLISH PLEASE REFER TO THE BROKER COMMENTARY PAGE FOR UPDATES!! Click Above to Watch Brian’s Afternoon Market Update F12Recco #1: Sell back our $4.50 Dec puts for 5 cents or better.  Recco #2: On 40% of expected production, buy the March $4.65 calls and Sell $4.40 March puts for net cost of 10 cents or better.  (Taking into consideration the 5 cents we pick up in the value of those puts, the cost of Recco #2 would be less than a nickel). Farmers looking for a strong signal that the harvest lows are in, got what they wished for today.  The corn market had given up nearly $1/bu the past six weeks, after last month’s bearish surprise sending yield estimates higher.  It appears they overcorrected last month when they added 2.7 bpa to the national yield.  They attempted to course correct in the November WASDE by trimming yield 1.6 bpa bringing the national yield down to 179.6 bpa.  Despite decreasing exports and feed usage, ending stocks still fell to an estimated 1.758 billion bushels.  While not as low as September projections, it is a step in the right direction.  By…