🌽Corn Market Update — ZC Dec 2026
Price: ~$4.41½
Price: ~$4.61
📉 Market Recap
Corn traded sideways to higher last week, extending its recovery rally as buyers continued to step into the market.
📊 Market Focus
Fresh buying followed the Fourth of July holiday, lifting corn to $4.65 early in the week
Prices pulled back midweek before finding support at the 10-day moving average
Friday's USDA report produced a neutral reaction, with corn rallying into the close
The recovery rally continues after prices established a major low near recent contract lows
🧠 Fund Positioning
Funds: 20% of record short
Prior week: 31% of record short
Funds bought approximately 38,000 contracts
🎯 Key Levels to Watch
Support: $4.40
Resistance: $4.70 – $4.80
➡️ Continued fund short covering could support another push into the $4.70–$4.80 resistance zone.
🔍 Weekly Outlook
The market successfully rallied back toward the 200-day moving average near $4.65–$4.70, reaching our initial upside objective
As long as prices continue holding above the 10-day moving average, additional upside remains possible
Funds continue buying back short positions, improving the odds of further recovery
A move toward flat or 25% record long fund positioning could support prices reaching $4.70–$4.80
USDA crop conditions were 67% good-to-excellent, matching expectations and resulting in a neutral market reaction
Although momentum has improved, the broader trend remains lower, making rallies into major resistance selling opportunities
💡 Marketing Insight
The best selling opportunities often occur during recovery rallies as funds aggressively buy back short positions. We continue to view the $4.70–$4.80 area as an attractive zone for additional pre-harvest sales.
🧾 CropSide Marketing Positioning
100% sold — post-harvest 2025 corn (recommendations completed near the May highs)
62% sold — new-crop December 2026 pre-harvest corn
Red circles mark previous CropSide recommended sales.
🌱 Soybean Market Update — ZS Nov 2026
Price: ~$11.90¾
📉 Market Recap
Soybeans rallied strongly last week following the Fourth of July holiday, pushing back to the $12.00 level before encountering resistance into the close.
📊 Market Focus
Fresh buying accelerated after prices broke above $11.50 resistance
Soybeans rallied to the $12.00 level before pulling back slightly on Friday
The rally developed after prices successfully held major support near $11.30
Our upside target of $11.80–$11.90 was reached, and we recommended selling into the rally
🧠 Fund Positioning
Funds: 4% of record long
Prior week: 18% of record short
Funds bought approximately 45,000 contracts
🎯 Key Levels to Watch
Support: $11.70
Resistance: $12.00
➡️ A sustained breakout above $12.00 would target the next resistance area near $12.50.
🔍 Weekly Outlook
After reaching our 25% record short target, funds have now bought back to a nearly flat position
From here, funds could continue buying toward a 25%–50% record long position, supporting prices above $12.20
Alternatively, the recent rally may prove difficult to sustain if funds begin selling after this emotional buying surge
Key support is now $11.70; a break below that level opens downside targets near $11.30
A decisive close above $12.00 would strengthen the case for a rally toward $12.50
The USDA crop conditions report came in at 64% good-to-excellent versus 66% expected, providing a bullish surprise
💡 Marketing Insight
Recovery rallies into major resistance remain selling opportunities. After reaching our target zone near $11.80–$11.90, we recommended making additional soybean sales.
🧾 CropSide Marketing Positioning
100% sold — post-harvest 2025 soybeans (recommendations completed near the May highs)
66% sold — new-crop November 2026 soybeans
Red circles mark previous CropSide recommended sales.
