🌽Corn Market Update — ZC Dec 2026
Price: ~$4.40¼
📉 Market Recap
Corn continued to trade lower last week, pushing to new contract lows as selling pressure remained firmly in control.
📊 Market Focus
Prices continued to close below the 10-day moving average throughout the week
Corn pushed down to new contract lows near $4.40
Selling pressure remained aggressive with no meaningful rally attempts
Our downside target near $4.40 has now been reached
The longer-term trend remains bearish until prices can reclaim key moving averages
🧠 Fund Positioning
Funds: 24% of record short
Last week: 1% of record long
Funds sold approximately 97,000 contracts
Funds have now transitioned from a small long position to a significant short position, continuing the liquidation process that began after prices failed above $5.00.
🎯 Key Levels to Watch
Support: $4.40 – $4.35
Resistance: $4.70 – $4.80
➡️ The $4.40–$4.35 area is a major support zone where a potential bottoming process could begin.
🔍 Weekly Outlook
Corn remains below the 10-day moving average, keeping the short-term trend bearish
If funds continue moving toward a 50% record short position, the market could begin approaching a longer-term low
We would like to see prices make new lows, attract buying, and then close back above the 10-day moving average as an early bottoming signal
Longer term, corn has the potential to retrace back toward the 100- and 200-day moving averages near $4.70
USDA crop conditions came in at 67% good-to-excellent versus 69% expected, which was neutral to slightly bullish
Seasonal tendencies continue to favor weaker prices during this stage of the growing season unless weather concerns emerge
💡 Marketing Insight
Extreme fund short positions often develop near important market lows, just as extreme long positions frequently occur near market highs.
🧾 CropSide Marketing Positioning
100% sold — post-harvest 2025 corn (recommendations complete)
54% sold — new-crop December 2026 corn
Red circles mark previous CropSide recommended sales.
🌱 Soybean Market Update — ZS Nov 2026
Price: ~$11.32
📉 Market Recap
Soybeans traded sideways to lower last week, extending the correction that began after prices reached contract highs earlier this spring.
📊 Market Focus
Prices attempted to hold the 100-day moving average early in the week but failed
Additional selling pressure pushed soybeans down to approximately $11.26 before stabilizing
Prices continue to close below the 10-day moving average, keeping the short-term trend bearish
Soybeans have now declined roughly 70 cents from the highs
🧠 Fund Positioning
Funds: 4% of record long
Last week: 24% of record long
Funds reduced positions by approximately 44,000 contracts
Funds have now liquidated the majority of their previous long position, continuing the correction process that began after funds reached elevated long exposure levels.
🎯 Key Levels to Watch
Support: $11.10
Resistance: $11.70 – $11.80
➡️ The 200-day moving average near $11.10 is now the next major downside target.
🔍 Weekly Outlook
Soybeans remain below the 10-day moving average, keeping momentum bearish
The next major support area is near $11.10, which aligns with the 200-day moving average
This level represents a critical longer-term trendline on the daily chart
Funds still have room to move into a net short position, potentially increasing downside risk
USDA crop conditions came in at 65% good-to-excellent versus 68% expected, which was considered bullish
As the growing season progresses, funds may become less willing to establish large short positions
💡 Marketing Insight
Historically, when funds build toward extreme long exposure, they eventually liquidate positions back toward flat or even short. That process has now largely played out in soybeans.
🧾 CropSide Marketing Positioning
100% sold — post-harvest 2025 soybeans (recommendations complete)
56% sold — new-crop November 2026 soybeans
Red circles mark previous CropSide recommended sales.
