🌽 Corn Market Update — ZC March 2026
Price: ~$4.31¾
📉 Market Recap
Corn traded sideways to slightly lower last week, briefly breaking support before stabilizing into Friday.
📊 Market Focus
Markets were closed Monday for the federal holiday
Prices sold off Tuesday and dipped below $4.25 support
Buying returned Friday
Corn closed below the 10-day moving average, keeping the short-term tone slightly defensive
Volatility remains very low
🧠 Fund Positioning
Funds: 46% of record short
Last week: 49% record short
Funds reduced shorts by approximately 12,000 contracts
Funds have been buying over the past two weeks, even as prices drifted modestly lower — a slightly constructive development.
🎯 Key Levels to Watch
Support: $4.20
Resistance: $4.30 initially, then $4.40 – $4.45
➡️ The cluster of 50-, 100-, and 200-day moving averages near $4.40 represents major resistance and a strong selling zone.
🔍 Weekly Outlook
A close above $4.30 could trigger a rally toward $4.40 – $4.50
The longer-term daily trend remains lower
A break below $4.20 could push prices toward contract lows near $4.00
In that scenario, funds could expand shorts toward 75–100% record short
Relative to soybeans, corn appears slightly undervalued
🧾 CropSide Marketing Positioning
10% sold — post-harvest 2025 corn
18% sold — new-crop December 2026 corn
Red circles mark previous CropSide recommended sales.
🌱 Soybean Market Update — ZS March 2026
Price: ~$11.37
📉 Market Recap
Soybeans traded sideways to higher last week, with midweek buying pushing prices to fresh highs before stalling.
📊 Market Focus
Early-week trade was neutral
Midweek buying lifted prices to a high of $11.48
We viewed the rally as a selling opportunity
Market continues closing above the 10-day moving average
🧠 Fund Positioning
Funds: 51% of record long
Last week: 34% record long
Funds bought approximately 38,000 contracts
Prior week buying totaled 79,000 contracts, one of the top five weekly buying totals on record
Historically, when funds move from flat toward 50–75% record long, markets can begin pricing in highs — especially if follow-through buying fails.
🎯 Key Levels to Watch
Support: $11.20
Resistance: $11.50
➡️ Strength back toward contract highs remains a selling opportunity
🔍 Weekly Outlook
A close below the 10-day moving average and $11.20 could trigger panic selling toward $11.00–$10.80
The 100- and 200-day moving averages are clustered near $10.80, which should act as major support
A breakout above $11.50 could extend prices toward $11.80–$12.00
Continued fund building toward 100% record long may signal a broader market high
🧾 CropSide Marketing Positioning
50% sold — post-harvest 2025 soybeans
28% sold — new-crop November 2026 soybeans
Red circles mark previous CropSide recommended sales.
