Grain Marketing Education, News & Strategies

The continuation chart of corn is currently in the December contract, and for beans it is the November. Both charts indicate that current prices are at serious resistance levels, meaning that a downleg is probable for at least a few weeks. Up corrections in the downleg should be used for selling opportunities. It is difficult to describe a chart in words, so I will outlay several price levels. 470.0 is stiff resistance in corn, and 1208.0-1210.0 should serve as resistance in

World Free-On-Board Grain & Oilseed Prices for July 11, 2026

Both Corn and beans gapped higher on the open yesterday, then finished on the highs after substantial gains. Swing traders usually look at days like this to be potential short term sell opportunities, depending on how tonight and tomorrow morning trade. These gaps should both be tested or filled shortly (exactly when ??) , then both grains should paint another leg higher. Therefore, these gaps are good buying opportunities. Here is the 1 hour chart of both grains, respectivel

World Free-On-Board Grain & Oilseed Prices for July 4, 2026

The soybean continuation chart rolled over to the November contract on Monday. Most of the fund money and big hedgers skip the August and September contracts because they are not significant or liquid enough. Continuation gaps in a normal carry market are almost always filled, as you see today's action accomplished just that. Furthermore, the market generally continues trading in the direction of the gap, which was up. July has begun, expect some volatility in both directions

World Free-On-Board Grain & Oilseed Prices for June 27, 2026

The continuation daily soft wheat chart will roll to the September contract this week. This is the process wherein the majority of the fund money flattens their July contracts, then enters the September, either long or short. The September contract is trading about a dime higher than July. The market has so far backfilled 62.5 percent of the entire rally which began last January. The 62% Fibonacci correction is frequently an area on the chart that attracts buying after a dow

World Free-On-Board Grain & Oilseed Prices for June 20, 2026

Both the corn and soybean markets traded to lower prices for the move, yet closed higher than Friday's settlement, on Monday. This is bullish price action - just 1 day, but it has meaning in the larger context. Corn has retraced 85% of the up move as of Monday. Soybeans also sold off, then touched and reversed hard on the steeper up trendline shown on the chart. Potatoes: At 370 million tons, potatoes are the eighth largest of the world’s agricultural products, thriving in di

World Free-On-Board Grain & Oilseed Prices for June 13, 2026

Focus on the 3 uptrend lines and notice how each successive one is steeper than the previous one. It is also noteworthy that price could not selloff enough this week to test the most recent line. This indicates increasing momentum on the daily, longer term timeframe. Also, today was an inside (energy building) day. Soybeans: At 370 million tons, soybeans are the world’s seventh largest agricultural product and a powerhouse crop, used for food, animal feed, and industrial app

The selling momentum has stalled in the last couple of days, with yesterday attempting another small down leg that was met with aggressive buying. I believe this market is counting a C wave correction from the rally which began last summer. We could see more backfilling creating an up D and down E leg, but the higher probability is new buying. Watch for heavy selling around 1200.0 - if not, then targets are 1300.0-1325.0. Sideways is out of the question because of recent pric

World Free-On-Board Grain & Oilseed Prices for June 6, 2026

Corn has corrected/backfilled 44% of the entire up move from last August, and price has penetrated/closed below the number 1 high of 453.0. This price action suggests corn is retracing the whole rally from number 1, not a smaller correction from number 4. If buyers do not return quickly, then we may be in a longer term backfill (weeks). As we all know, anything can happen in these grain markets. The E wave could be the A of a double 3 (A-B-C-X-A-B-C) What if the bulls come in

The soybean daily continuation chart remains with an uptrend in tact. After breaking up higher out of the trading range a few weeks ago, prices continue to remain above the upper breakout level. The previous sideways range was roughly from 1145.0 to 1180.0. A week ago Friday, the traders sold it down into this area briefly, but strong buying confirmed this support area between 1180.0 to 1171.0. I realize the grains often top out around these current calendar dates, at least t

World Free-On-Board Grain & Oilseed Prices for May 16, 2026

We are continuing to discuss the Elliot structure/count in Corn. The overall structure argues in favor of a new uptrend beginning as opposed to an A-B-C up correction in a down trending market. As you know smaller waves exist within larger waves. Normally the big 4 correction finds support near the top of # 1 impulse up. Friday, July corn marked it's low just 2 cents shy of the # 1 high point. Therefore, good buying support should be near 453.0 You will see the counting on th

World Free-On-Board Grain & Oilseed Prices for May 9, 2026

The corn market should be in corrective mode for the time being, but anything can happen. The Elliot wave count indicates that we just completed the 3rd wave higher, and the 4th corrective/backfill wave is currently working. Ultimate support should be at 453.0 (July contract) based on the 1st leg swing high price. The Elliot wave rule currently working is that the 4th corrective wave should not trade below the 1st impulse wave high. However, you will notice on the chart that

World Free-On-Board Grain & Oilseed Prices for May 2, 2026