Happy Easter! May Corn has been in a trading range for about 3 months now, between 445.0 and 475.0. On April fools day, corn tested near the lower part of the range at about 445.0 and formed an inverted head and shoulders pattern which projects a rally back to the upper part of the range to about 474.0. You will see this pattern highlighted on the chart. There is no technical evidence at this time that corn will be able to rally above the 475.0 to 480.0 level. Technical analysis is primarily...

The daily soybean continuation chart is kind of in no mans land as to whether a new down leg will begin or not. Current price levels have not violated the previous high by much - about 15 cents compared to the more than 2 Dollar rally that has occurred since last years low marks. The current highs are above the last high marked on November 18th 2025. In other words, soybeans could not continue to mark new lows since the limit down day -this leans bullish. You will see these facts on the...

The May corn market recently failed near the price highs and started correcting downwards. For the time being, the price targets higher are off the table. Resistance is now 474.0 to 476.0, and support comes in at 456.50 (today's low), 449.0, then again at the 445.0 to 443.00 range. This is a pretty big trading range for the corn market. Therefore there is opportunity to both buy and sell for hedging or trading. There are also 5 blue lines on the chart which should function as support and...