🌽Corn Market Update — ZC Dec 2026
Price: ~$4.44
📉 Market Recap
Corn traded sideways to higher last week, holding new contract lows and showing the first signs of potential stabilization.
📊 Market Focus
Prices pushed down to new contract lows near $4.34 early in the week
Fresh buying stepped in and supported the market near those lows
Corn rallied back toward the 10-day moving average and closed near that level by Thursday
While the broader trend remains bearish, price action may be beginning to stabilize
🧠 Fund Positioning
Funds: 24% of record short
Prior week: 1% of record long
Funds sold approximately 97,000 contracts
The latest Commitment of Traders report was delayed due to the U.S. federal holiday. Current positioning reflects last week's data.
🎯 Key Levels to Watch
Support: $4.30 – $4.35
Resistance: $4.65 – $4.70
➡️ A close back above the 10-day moving average would be the first indication that a bottoming process may be developing.
🔍 Weekly Outlook
Corn may be approaching a major low based on current fund positioning
To confirm a bottom, prices need to establish a reversal pattern and close decisively above the 10-day moving average
A recovery rally could target the 100- and 200-day moving averages near $4.65–$4.70
Any rally back toward those levels would still be viewed as a selling opportunity until the broader trend improves
USDA crop conditions came in at 68% good-to-excellent, matching expectations and considered neutral
As long as prices remain below the 10-day moving average, downside risk remains present
Near-term bias is shifting from bearish toward potential stabilization, but confirmation is still needed
💡 Marketing Insight
Extreme fund short positions often develop near important market lows. The key is waiting for price action to confirm that buyers are beginning to regain control.
🧾 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: ~$11.42¾
📉 Market Recap
Soybeans traded sideways to higher last week, holding key support and rallying back into the trading range.
📊 Market Focus
Prices briefly tested support near $11.30 before fresh buying stepped in
Soybeans rallied back to approximately $11.55 during the week
Prices closed back above the 10-day moving average, which is constructive short-term price action
The market continues to hold major longer-term moving average support levels
🧠 Fund Positioning
Funds: 4% of record long
Last week: 24% of record long
Funds reduced positions by approximately 44,000 contracts
The latest Commitment of Traders report was delayed due to the U.S. federal holiday. Current positioning reflects last week's data.
🎯 Key Levels to Watch
Support: $11.20
Resistance: $11.70 – $11.80
➡️ Holding support could trigger a rally back toward the upper end of the trading range.
🔍 Weekly Outlook
Key support remains near $11.20
As long as support holds, soybeans could rally toward $11.70
A break below support opens downside targets near $10.80
Funds still have room to move toward 25% to 50% record short, which could pressure prices below $11.00
USDA crop conditions came in at 66% good-to-excellent, matching expectations and considered neutral
Relative to corn, either soybeans may need to correct further or corn may need to rally to close the valuation gap
Early-week price action will be important as we monitor fund behavior heading deeper into the growing season
💡 Marketing Insight
The best time to market grain is often when funds are buying aggressively into rallies. A move back toward the $11.70–$11.80 area would be viewed as a potential selling opportunity.
🧾 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.
