BASIC & RECENT MARKET INFO

World Free-On-Board Grain & Oilseed Prices for March 7, 2026

This report is primarily visual from the Crude Oil daily chart. It will take time to study it, but this will be worthwhile. As you look to the left, notice how price (highs and lows) interacts with the different horizontal red lines going back about 12 months. Also, Crude gapped up on Sunday night, giving us an idea about a price projection higher. Because the gap was very strong and did not get filled, you take the lower leg length (before the gap) and add this number to the

World Free-On-Board Grain & Oilseed Prices for February 28, 2026

May SRW Wheat is testing price levels from 8 months to 1 year ago. Wheat has rallied almost a dollar since the early January low. Friday's high of 597.0 might hold as resistance for the time being. 609.0 and 617.0 are the next highs to the left as you will see on the daily chart. Wheat has completed 9 Elliot waves, so far. A normal impulse wave has 5 or 9 waves. This is evidence that indicates a possible swing high is in place. Hard wheat is minus 8 cents to soft. Ford cont:

I am going to cover liquidity gaps, and support and resistance levels on the continuation corn chart. These gaps occur when the bulk of the funds roll from the front month to the next month. They usually occur a few days before first notice day. These gaps behave like any other gap as you will see on the corn chart, as it functions like a breakaway gap if it is not filled. So far this is how the gap looks as you can see on the chart Also displayed on the chart is how old supp

World Free-On-Board Grain & Oilseed Prices for February 21, 2026

I expected consolidation and corrective action in May soybeans this week, but we only saw sideways consolidation - no selling to test 1120, as I thought. Apparently the bulls are firmly in control, with the week being capped off with an exclamation point on today's price action. A strong selloff was met with a rejection by the bulls as they bought every contract the sellers offered plus more. Staying with the Elliot wave lessen, corrective number 4 should be complete, paving

This is option expiration week, and I expect backfills along with consolidation. The bulls don't historically make much headway this week. May corn continues to trade in an upsloping channel, with support at about 436.0 and resistance in the 445.0 region. Here is the May Corn intraday chart. May Soybeans is due for a corrective leg down. It appears beans are trading an inclining wedge pattern. This pattern is an upsloping triangle, but with the higher lows rising up sharper t

World Free-On-Board Grain & Oilseed Prices for February 14, 2026

There was little reaction to the USDA report. The highlights of the trading day are that corn could not test the lower uptrend line, or test yesterday's low. This price action leads us to believe that corn will continue trading in the up channel. First support is 435.5 in the May contract. Next support is 431.5, but the lower one is not expected. The next target higher is 444 to 447. Please study the corn continuation chart. It is the front month (March) until after options e

World Free-On-Board Grain & Oilseed Prices for February 7, 2026

Soybeans had a rare, non-report day breakout to the upside last week. Keep your downside protection on above 1100 basis the May contract. If the buyers defend 1100 or above, leave 1150 to 1180 open to the upside. Report day is Tuesday, therefore trading conditions should remain lively. Be prepared to pull the trigger on a moment's notice. To recap Elliot wave theory, 5 waves is a complete impulse higher. There are 5 smaller waves that comprise the larger count. Therefore, 1 m

Elliot Wave theory describes the motion on a price chart. Specifically, it is a numbering system for the different legs or waves of price movement. An impulse wave is motion in the primary (dominate) direction of the market, and it is numbered 1, 2, 3, 4, 5, with 1, 3 & 5 being the primary legs, and 2 and 4 the corrective legs. Corrections consist of only 3 waves - A, B, C. Our example is crude oil, which recently traded an impulse wave higher (5 total legs/waves). Now, crude

World Free-On-Board Grain & Oilseed Prices for January 31, 2026

Chart patterns can be used to obtain price objectives. Patterns can be a double bottom or top, a head & shoulders, or even the range of a sideways channel. Among other factors, SR Wheat recently formed an upside down head & shoulders pattern on the 8 hour intraday chart. All that is needed is a measurement of the price range of the pattern. In wheat, it is the distance from the neckline down to the head. Our example in wheat shows that difference is about 25 cents, as you wil

World Free-On-Board Grain & Oilseed Prices for January 24, 2026

There are 2 technical concepts going on in the soybean market currently: A pattern called a Narrow sideways channel and a market's response to gaps. Soybeans traded in a narrow sideways channel from August 2024, then broke out higher in October 2025. The break higher produced a big gap up on the continuation chart, while also closing a gap to the left on the rally upwards. Gaps are areas on the chart that need to be filled. Therefore, gaps become like a magnet for price - a t

This is a short overview of what appears to be unfolding in corn, and specifically in March corn, and also a couple of charting (technical) tidbits. The continuation corn chart marked a low in August 2024, rallied into February of 2025, then marked a higher low in August of 2025, followed by a rally into Christmas 2025. Anytime a chart makes a higher low after an extensive selloff, the odds increase that the primary down move is complete. Finally, Corn formed a head and shoul

World Free-On-Board Grain & Oilseed Prices for January 17, 2026

March Wheat - Steady March Corn - Steady to 0.50 Lower March Bean Oil - 0.03 Higher March Beans - 1.50 Lower Crude price - 59.03, down 0.31 S&P price - 6920.00, down 56.75 Bees: Bees pollinate roughly 35% of the world’s food crops. For pertinent news and fundamental grain market information, sign-up for a 30 day, no cost, no obligation, no phone call subscription to Wright on the Market news sent to your email every day before you get out of bed. Click on "subscribe" at: ...