BASIC & RECENT MARKET INFO

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: ...

March Crude Oil marked its low price 6 cents above the 58.75 support level in the overnight trade, then rallied about 1.25 Dollars to the high print during the early morning trade. support - 58.50-58.30, 57.50 resistance - 60.15, 60.90 March Soybeans marked the low price 2 ticks below the 1048.25 support number, then rallied about 11.00 cents to 2 ticks above the 1058.50 resistance point. support - 1047.50, 1042.00 resistance - 1059.50, 1071.00 March Corn marked its low price

March Wheat - Steady to 0.50 Lower March Corn - Steady to 1.25 Lower March Bean Oil - 0.05 Lower March Beans - Steady to 0.75 Lower March Crude Oil marked its low price 37 cents below the 59.15 support level, after selling off about 2.10 bucks from 1 tick above the 61.00 resistance number on the opening bar. support - 58.75, 58.35, 57.90 resistance - 60.60, 61.75 March Soybeans marked the high price 3.25 cents beyond the 1055.00 bracket resistance point, after rallying about

March Wheat - Steady to 0.50 Higher March Corn - Steady to 1.00 Lower March Bean Oil - 0.06 Higher March Beans - Steady to 0.50 Lower Roll to March Crude: February Crude Oil marked its low price 3 ticks below the 59.80 support level, after selling off about 2.50 bucks from 14 cents below the 62.50 resistance number, at the time of this writing. March support - 59.55, 59.15, 58.35 March resistance - 61.00, 62.20 March Soybeans marked the high price 2.25 cents above the 1047.00

March Wheat - Steady March Corn - 0.50 Higher to 0.25 Lower March Bean Oil - 0.03 Higher March Beans - Steady to 0.75 Lower February Crude Oil marked its high price 20 cents above the 61.30 resistance number, after rallying about 2.00 bucks from the previous evening's low print. support - 60.15, 59.80 resistance - 62.50, 62.95 March Soybeans marked the low price 3 ticks above the 1337.00 support level, after selling off about 15.00 cents from last night's swing high. support

March Wheat - 0.75 to 1.00 Higher March Corn - 0.50 Higher to 0.50 Lower March Bean Oil - 0.15 Higher March Beans - Steady to 1.00 Higher February Crude Oil marked its high price 16 cents above the 59.75 resistance level, after rallying about 1.40 bucks from the early morning low price print. support - 58.45, 58.00, 57.60 resistance - 60.50, 61.30 March Soybeans marked the high price 3 ticks above the 1070.50 resistance number, then sold off about 23.00 cents into the noon ho

World Free-On-Board Grain & Oilseed Prices for January 10, 2026

March Wheat - 0.75 Higher March Corn - Steady to 1.00 Lower March Bean Oil - 0.02 to 0.05 Lower March Beans - 0.25 to 1.00 Lower Crude price - 59.42, up 0.30 S&P price - 6798.00, up 19.75 Ukraine’s soil is very fertile and very deep, often more than 12 feet. During WW II, freight trains transporting war supplies to the German armies deep into the Soviet Union, were ordered by Hitler to load the empty cars with topsoil from Ukraine on the return trip to Germany. For pertinent

February Crude Oil marked its high price 12 cents above the 59.65 resistance level, after rallying about 2.15 bucks from the overnight low. support - 57.60, 57.60 resistance - 59.75, 60.50 March Soybeans marked the high price 1.50 below the 1070.50 resistance number, after rallying about 7.50 cents from the overnight low print. support - 1060.50, 1055.00 resistance - 1070.50, 1079.00 March Corn marked its high price 2 ticks beneath the 448.00 resistance price, after moving up