Grain Marketing Education, News & Strategies

Tidbits July CBOT Options expire today because this is the last Friday of the month with at least two business days the following week. Every corn futures contract from July 2026 through July 2027 made a new contract low yesterday and closed higher than the high for the previous day. That is what technicians call a “key reversal,” a fairly reliable indication of a price trend change. In recent weeks, corn futures contracts made two “hook reversals,” which is a new low followe

Tidbits July corn traded down to $4.12½ yesterday morning, but settled 6¼¢ above the low and up 1¼¢ for the day. A new low followed by a higher daily settlement is a “hook reversal” and a noteworthy technical trend change signal. While it is not as reliable a trend changer as a “key reversal,” we will take it. The settlement 6¼¢ above the low is very significant. Corn basis firmed again Monday and we expect it will continue to firm until futures rally at least 20 to 30¢ to mo

Tidbits December corn closed below its key technical support level of $4.80¼ yesterday. We discussed this technical situation on Tuesday when we stated December corn was no longer in an uptrend but was in a sideways trading range until it either traded above $5.06½ or below $4.80¼. Yesterday’s settlement was $4.77½. December corn is now in a down trend using the technical analysis system of higher highs and higher lows versus lower highs and lower lows. Barchart.com’s 13 tech

Tidbits Iran's Foreign Ministry issued a statement early yesterday morning officially confirming that no Iranian nuclear commitments and uranium handover exist or will exist in any draft agreement with the U.S., calling all reports that claim otherwise a "pure lie," making further talks pointless due to the U.S. insistence on this issue. The statement declares they are not signing any agreement with the U.S.; no one can claim we are close to reaching an agreement. Iran sepa

Tidbits July corn traded above major technical resistance at $4.80 yesterday to $4.83½ and settled at $4.80¼. December corn finally traded above $5.00 to make a high of $5.01¾ and then settled at $4.98¾, up 4½ on the day. November beans made a new high for the second consecutive day trading to $11.84½ and settling at $11.82¾, up 9¾¢. It is technically friendly that both settled, not only higher on the day after making new highs but also much closer to the high than the low.

Tidbits Saturday's negotiations between the United States and Iran concluded according to Iran's government early this morning (Sunday), after a series of talks in Pakistan to end the six-week war between Washington and Tehran. The talks in Islamabad were the first ‌direct U.S.-Iranian meeting in more than a decade and the highest-level discussions since the 1979 Islamic Revolution. In a post on X, Iran's government said that after 14 hours, technical experts from both si

Highlights The acres of corn expected to be planted is 95.3 million acres, down 3.45 million (3.5%) from 2025, but about 900,000 more than the market expected. Soybeans acreage is projected to be up 3.5 million (4%) from last year to 84.7 million acres, but about 750,000 less than the market expected. All wheat acreage is estimated at 43.8 million acres, 1.55 million or 3% below 2025 and the lowest wheat acreage since records began in 1919. Winter wheat planted area at 32.4 m

Tidbits The CO2 Coalition was established in 2015 for the purpose of educating leaders, policy makers, and the public about the important contribution made by carbon dioxide to our lives and the economy. The Coalition seeks to engage in an informed and dispassionate discussion of climate change, humans’ role in the climate system, the limitations of climate models, and the consequences of mandated reductions in CO2 emissions. The CO2 Coalition’s Climate Change’s Real Story

Tidbits Biofuel: In an apparent classic buy the rumor and sell the fact event, just before the grain futures went from higher to lower yesterday, the EPA announced its 2026 and 2027 biofuel blending volumes. As expected, the renewable fuel volume requirements for this and next calendar year are the highest levels in program history. The EPA will maintain the 15 billion conventional gallons biofuel level. Flash sale: Yesterday morning, the USDA announced the sale of 105,000 mt

Corn Technical Outlook Technical analysis is based upon factors that have nothing to do with supply and demand. Technical analysis includes price chart patterns, trading volume, open interest changes, moving averages, etc. Most speculative traders are technicians, so it behooves us to understand the basics of technical analysis. You can learn more about fundamental analysis and some amazing things about technical analysis at: https://www.wrightonthemarket.com/post/commodity-m

Tidbits Flash sales: Yesterday morning, the USDA announced the sale of: 150,320 mts of old crop corn to unknown 136,000 mts of old crop soybeans to China Soybeans: All eyes yesterday were on January soybeans as its price traded into the 27 October gap on the daily chart by 3¼¢, reducing the gap to 4¢. January beans settled 1½¢ above the top of the gap (which is friendly), but down 5¢ on the day. Yesterday’s NOPA crush was lower than expected at 216.041 million bushels but was

A trend direction can be bullish or up, bearish or down, or sideways. Also, longer trends have more power and contain smaller trends. Primary trend lasts about a year or more, secondary trend takes a month to several months, and a minor trend goes for days to weeks. Take a look at this 2025 corn chart illustration: However, it is easier to say what the trend was rather than to decide what phase it is now or when it is likely to change. Our friend Allen Gard with Clear Focus H

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Tidbits Wheat export: This wheat marketing year began 1 June. Total export wheat sales for this marketing year stand at 6.5 million mts, up from 5 million mts last year at this point. By wheat class, HRW sales are 2.6 million mts, up from 1.1 million last year, white wheat at 1.3 million mts, up from 1.2 million last year, and SRW export sales at 857,000 mts, up from 804,000 mts last year. Corn: A South Dakota client said yesterday he has 21 fields of corn and 16 of them ha

Market Comment Let’s look at the technical situation for December corn. Corn began a downtrend after the high was made on 19 February 2025. The high for December corn that day was $4.79¾ and it settled at $4.76½, down 1¢ on the day, which is technically bearish, meaning new high for the trend and then closing lower the same day is bearish. But hey, it was only 1¢ lower on the day. Remember this: One cent lower settlement after a new high for the up-trending market is sign

Tidbits Argentina's Rosario Grain Exchange is warning that the country stands to lose significant corn and soybean meal export share to Vietnam in the wake of a U.S.-Vietnam trade deal. In the area of Boa Esperança Do Norte, Mato Grosso a record yield of safrinha corn was announced: 223 bushels/acre (233.16 60Kg-bags/hectare). AgRural raised Brazil’s corn production to 128.5 million mts (USDA 130), supporting medium-term supply. However, AgRural warns early planting in M

Tidbits USDA April crush numbers for soybeans, canola, and corn will be issued 2 PM Central today. Over the weekend, India reduced the tariff on all vegetable oils by 10%. Domestic veg oil supplies are priced higher than any imported oil, according to Tushar Agarwal, market analyst for edible oils. Yesterday, Ukraine launched a massive drone strike on Russia sending drones 2,670 miles (4300 kms) past the battle line, deeper into Russia than ever before. Drone hit multiple

Tidbits President Trump said Friday evening he increased tariffs on imported steel and aluminum from 25% to 50%. Head-and-Shoulders Formation A head-and-shoulders formation is a technical indicator of a trend change from up to sideways or down. Such formations are formed on charts where one vertical line (a bar) represents the trading range for one day or one week. During a few weeks multiple bars form a pattern that resembles a head above a left and right shoulder. Usually,

Tidbits The National Weather Service predicts the Eastern Corn Belt will finally get some dry weather in the next two weeks. Perhaps all the corn will get planted in Indiana and Ohio after all. Tractors were in the West Central Ohio fields yesterday, but the soil is really too wet for a good crop growth. Compaction will be a problem in the Eastern Corn Belt. Aluísio Pancracio is the owner of Sastra Consultoria based in the municipality of Rio Verde, in the state of Goiás, Bra

Tidbits Grain markets will be closed on Monday due to Memorial Day, it will reopen at 7 PM CT on Monday, May 26. The National Grain and Feed Association opposes expanding agricultural futures trading hours, warning it could cause unnecessary volatility and increase manipulation risk, especially if futures markets are open while cash markets are closed. In a letter to the CFTC, they stressed that a pause in futures trading is crucial for physical commodity deliveries. The Nati