🌽Corn Market Update — ZC Dec 2026
Price: ~$4.41½
📉 Market Recap
Corn traded sideways to higher last week, holding new contract lows and showing the first signs of a potential bottoming process.
📊 Market Focus
Prices pushed to new contract lows near $4.31 early in the week
Fresh buying stepped in and supported the market
Thursday produced a strong reversal off the lows
By Friday, prices had rallied back to the 10-day moving average
The market is attempting to build a base after several weeks of aggressive selling
🧠 Fund Positioning
Funds: 45% of record short
Prior week: 38% of record short
Funds sold approximately 23,000 contracts
🎯 Key Levels to Watch
Support: $4.30
Resistance: $4.50
➡️ A close above $4.50 would strengthen the case that a market bottom is beginning to form.
🔍 Weekly Outlook
Funds are approaching our 50% record short target, a level that has historically aligned with important market lows
We still need confirmation before calling a bottom
A decisive close above the 10-day moving average followed by a breakout above $4.50 would be an encouraging technical signal
If buying continues, corn could rally toward the 100- and 200-day moving averages near $4.65–$4.70
Any recovery into that area would still be viewed as a selling opportunity until the broader trend improves
USDA crop conditions were 68% good-to-excellent, matching expectations and resulting in a neutral market reaction
The USDA July report, released Tuesday, is expected to be the primary driver of price direction and could create significant volatility
💡 Marketing Insight
Historically, extreme fund positioning often marks major turning points. Just as funds reached roughly 50% record long near the highs around $5.00, they are now approaching 50% record short, suggesting a major low may be developing—but price confirmation is still required.
🧾 CropSide Marketing Positioning
100% sold — post-harvest 2025 corn (recommendations completed near the May highs)
54% sold — new-crop December 2026 corn
Red circles mark previous CropSide recommended sales.
🌱 Soybean Market Update — ZS Nov 2026
Price: ~$11.56
📉 Market Recap
Soybeans traded sideways to higher last week, holding major support before rallying back above the 10-day moving average.
📊 Market Focus
Prices tested key support near $11.30 early in the week
Fresh buying stepped in and lifted soybeans back into the trading range
Prices closed back above the 10-day moving average on Friday
The longer-term moving averages continue to provide important technical support
🧠 Fund Positioning
Funds: 19% of record short
Prior week: 12% of record short
Funds sold approximately 14,000 contracts
🎯 Key Levels to Watch
Support: $11.20
Resistance: $11.70 – $11.80
➡️ As long as $11.20 holds, soybeans have the potential to recover toward the $11.70 area.
🔍 Weekly Outlook
Closing back above the 10-day moving average is constructive for short-term momentum
With funds approaching our flat to 25% record short target, the probability of a recovery rally is improving
The 50-day moving average near $11.70–$11.80 should provide significant resistance and could attract commercial selling
A break below $11.20 would open downside targets near $10.90–$10.80
Funds still have room to increase positions toward 50% record short, which would likely pressure prices below $11.00
The USDA July report, released Tuesday, is expected to be the primary driver of price direction and could create significant volatility
💡 Marketing Insight
Recovery rallies into major resistance remain selling opportunities. With prices recovering from support and approaching the 50-day moving average, the $11.70–$11.80 area remains our preferred zone for additional sales.
🧾 CropSide Marketing Positioning
100% sold — post-harvest 2025 soybeans (recommendations completed near the May highs)
56% sold — new-crop November 2026 soybeans
Red circles mark previous CropSide recommended sales.
