Tech Guy Corn & Soybeans - Monday Update 6/16/26

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 diverse climates. China, India, and Russia lead production. Potato scab in Ireland in the 1840’s caused the potato famine and the mass migration to America. A soil with low pH protects potatoes from scab.

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