🌽Corn Market Update — ZC Dec 2026
Price: ~$4.67½
📉 Market Recap
Corn traded sideways to higher last week, pulling back early before rallying back into a major resistance area.
📊 Market Focus
Prices found support at the 10-day moving average early in the week
Fresh buying lifted corn back toward key resistance near $4.75
Prices continue to hold above the 10-day moving average, keeping the short-term trend positive
We recommended selling into the $4.72–$4.75 rally as prices approached major longer-term resistance
🧠 Fund Positioning
Funds: 11% of record short
Prior week: 20% of record short
Funds bought approximately 29,000 contracts
🎯 Key Levels to Watch
Support: $4.60
Resistance: $4.75
➡️ A breakout above $4.75 could trigger another wave of buying toward $4.90.
🔍 Weekly Outlook
The recovery rally has unfolded largely as expected after corn reversed higher from contract lows
Once prices closed above $4.45, momentum shifted and funds continued covering short positions
With funds now only 11% of record short, the market is approaching another important positioning extreme
USDA crop conditions were 68% good-to-excellent versus 67% expected, a slightly bearish result
A break below $4.60 would shift downside targets back toward $4.40
A sustained move above $4.75 would target the next resistance area near $4.90
Although momentum has improved, we continue viewing rallies as selling opportunities until the longer-term trend turns bullish
💡 Marketing Insight
Extreme fund positioning often signals important turning points. After identifying a buying opportunity near record-short fund positions, we're now watching for signs that aggressive short covering could begin pricing in another market high.
🧾 CropSide Marketing Positioning
100% sold — post-harvest 2025 corn (recommendations completed near the May highs)
70% sold — new-crop December 2026 pre-harvest corn
Red circles mark previous CropSide recommended sales.
🌱 Soybean Market Update — ZS Nov 2026
Price: ~$12.03
📉 Market Recap
Soybeans traded sideways to higher last week, pulling back early before rallying back toward a key resistance area.
📊 Market Focus
Prices found support at the 10-day moving average early in the week as fresh buying returned
Soybeans rallied to a high of approximately $12.06 before easing into the close
We used the rally as another selling opportunity
The recovery from the $11.30 support level unfolded largely as expected, reaching our upside target near $12.00
🧠 Fund Positioning
Funds: 11% of record long
Prior week: 4% of record long
Funds bought approximately 14,000 contracts
🎯 Key Levels to Watch
Support: $11.60 (major downside target near $11.50 if selling accelerates)
Resistance: $12.10 – $12.14
➡️ A decisive breakout above $12.10–$12.14 would target the next resistance area near $12.50.
🔍 Weekly Outlook
Contract highs remain near $12.14, and until that level is exceeded, additional selling pressure may continue to develop
Funds have continued building long positions, increasing the potential for another important market turning point
Historically, when funds reach 25%–50% of record long, markets often begin pricing in major highs
USDA crop conditions came in at 65% good-to-excellent versus 64% expected, making the report slightly bearish
Prices have struggled to break above the $12.10–$12.14 resistance zone despite continued fund buying, creating the potential for bearish divergence
A close below the 10-day moving average would increase downside risk toward $11.50
A sustained breakout above $12.10 would strengthen the case for a rally toward $12.50
💡 Marketing Insight
The strongest selling opportunities often occur when prices rally into major resistance while funds continue adding long positions. We continue to view the $12.20–$12.30 area as our next target for additional soybean sales.
🧾 CropSide Marketing Positioning
100% sold — post-harvest 2025 soybeans (recommendations completed near the May highs)
74% sold — new-crop November 2026 soybeans
Red circles mark previous CropSide recommended sales.
