🌽Corn Market Update — ZC Dec 2026
Price: ~$4.46
📉 Market Recap
Corn traded sharply lower throughout the week, with selling pressure dominating from start to finish.
📊 Market Focus
Prices opened near $4.75 and sold off steadily throughout the week
Corn closed near $4.45 on Friday, approaching contract lows
The breakdown below $4.80 support accelerated selling pressure
Our downside target near $4.60 was exceeded as bearish momentum increased
🧠 Fund Positioning
Funds: 1% of record long
Last week: 20% of record long
Funds reduced positions by approximately 83,000 contracts
Funds have now returned to a nearly flat position, completing the long liquidation cycle that began after prices reached resistance above $5.00.
🎯 Key Levels to Watch
Support: $4.40 – $4.35
Resistance: $4.60
➡️ The $4.40–$4.35 area is the next major downside target where a potential bottom could begin forming.
🔍 Weekly Outlook
Corn continues to close below the 10-day moving average, keeping the trend bearish
The next downside target remains $4.40–$4.35
Markets are approaching levels where corn may begin to look undervalued
The next major question is whether funds begin building a net short position or whether buyers emerge near support
The latest USDA crop conditions report showed 67% good-to-excellent versus 70% expected, which was neutral to slightly bullish
A major USDA report next Thursday is likely to be the key driver of price direction and could create significant volatility
Seasonally, corn often forms highs following planting season, which continues to align with current price action
💡 Marketing Insight
The best time to market grain is often when funds are aggressively buying into rallies. The recent correction reinforces the value of making sales when markets reach major resistance levels.
🧾 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: ~$11.37
📉 Market Recap
Soybeans sold off aggressively last week, declining nearly 60 cents from the recent highs as heavy selling pressure entered the market.
📊 Market Focus
Prices broke sharply lower after markets opened on Monday
Soybeans declined to approximately $11.35 by the end of the week
The market has now fallen roughly 60 cents from the highs
Prices continue to close below the 10-day moving average, keeping the short-term trend bearish
Recent price action confirms the correction we expected after funds began selling into rallies and new highs
🧠 Fund Positioning
Funds: 24% of record long
Last week: 41% of record long
Funds reduced positions by approximately 38,000 contracts
Funds continue liquidating long positions. Historically, when funds reach elevated long exposure levels, they often reduce positions back toward 25% long or even a flat position, which appears to be unfolding now.
🎯 Key Levels to Watch
Support: $11.35
Next Major Support: $11.10
Resistance: $11.70 – $11.80
➡️ Continued fund selling could push prices toward the 200-day moving average near $11.10
🔍 Weekly Outlook
Soybeans are currently testing major support near the 100-day moving average at $11.35
A break below current support opens downside risk toward $11.10
The 200-day moving average near $11.10 is the next major downside target
Funds still have room to continue reducing positions toward a flat stance
USDA crop conditions came in at 66% good-to-excellent versus 68% expected, which was neutral to slightly bullish
Seasonally, major highs often form after planting season, and current price action continues to support that pattern
As long as prices remain below the 10-day moving average, the bias remains toward further downside extensions
💡 Marketing Insight
The best time to market grain is often when funds are aggressively buying into rallies. The recent correction highlights the value of making sales when markets become extended and fund positioning reaches elevated levels.
🧾 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.
