Price Targets for May Corn 3/18/26

Since May Corn broke to the upside from the upsloping channel on March 5th, the buyers have been consistent. It appears that the bulls want tp print new highs up above the 476.0 high price marked a week ago Monday. There are several levels from old highs to the left which will promote at some selling.

These price targets are 476.0, 488.0, and 496.0. Please study the May Corn chart below to understand how these old high marks will affect future price.

Brazil Crop Disease Mitigation:

To control Asian Leaf Rust (ALR), Brazil’s government forbids soybeans to be planted during a 90 day period during the dry season and each state has added a further “no planting” soybeans as a second crop starting generally from late December to mid-January. This is to prevent soybean plants to serve as a host for the ALR spores in the latter half of the growing season and into the dry season. This "no plant zone" is the major ALR control measure. Corn became the preferred second crop which led to Brazil being the largest corn exporter in the world in the 2023-2024 marketing year. That was the first year the U.S. was not the world's largest corn exporter.

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