CORN & WHEAT FINALLY WHEAT
AUDIO COMMENTARY
Corn & wheat trying to bounce
Higher for the first time in weeks
Crop conditions decreased in beans
The market was expecting an improvement in crop conditions
Funds almost done selling?
USDA out on Thursday
June WASDE doesn’t often make huge changes
Export demand still salty for corn
Maybe China wants war over before buying
China could flip the markets
Worst week for corn since 2009
Don’t think the bean oil story is done
The China story isn’t over. It hasn’t started
China would logically buy at harvest
Spring wheat conditions jump winter dropped
Be ready to pull trigger if you need to on bounce
Realize all of the factors
Where could harvest low be? (Chart below)*
Full chart breakdowns below audio*
Listen to today’s audio
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CHART BREAKDOWNS
I’ll be diving into the charts further in tomorrow’s video update.
Dec Corn 🌽
We’ve held this support since 2024.
If we were going to bounce, this would be the spot to see it happen.
Otherwise we post contract lows and would be trying to catch a falling knife.
I think there is a good chance we bounce here, scroll to see the other reasons why.
Front Month Corn 🌽
Here is another reason I think we bounce.
This is basically the last support before last year’s harvest lows.
It’s too early for harvest lows. I also don’t think we should fundamentally get as cheap as we did last year.
This level is some big support, it is also the 61.8% retracement from the highs all the way down to last year’s harvest lows. The most common retracement.
Where could the harvest lows be?
Here is a scenario I could see playing out.
We get a bounce here at this support, we then get one last leg lower for the harvest lows.
In 2024, we left a roll gap at $3.68 when we posted the harvest lows.
In 2025, our harvest lows exactly filled that $3.68 gap to the penny.
In 2025, we then left a roll gap at $3.94
That $3.94 level is also the next retracement if we break below the current 61.8% level we are sitting at right now.
So I could see us posting our harvest there.
Corn vs Wheat 🌽 🌾
They’ve been moving in tandem for months.
The day to day price action may not be exact, but the overall move has been.
If corn is going to bounce, we need wheat to stop falling apart.
July KC Wheat 🌾
Currently we are finding life exactly where we need to at this key support level.
We gave back 61.8% of the contract highs down to contract lows.
If you notice, there is very little support below this level until you get into that $5.75 area.
So we need to hold here otherwise we likely drop to $5.75 which is the next retracement and 78.6% level.
If we are going to bounce, this would be the spot where it would make sense to do so.
Which is why I think corn also bounces here.
July Beans 🌱
Soybeans are still the one that have the most downside risk on the charts here.
Bulls want to hold $10.95
That is 61.8% of the highs down to contract lows.
Aug Feeders 🐮
So far that head and shoulders pattern we talked about last week is still possibly in play.
We clawed back exactly 50% of the sell off.
This green box is where most relief bounces fail.
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Recent Signals
May 27th, 2026: 🌽
Corn conditional buy signal.
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Soybean sell signal & hedge alert.
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KC wheat specific signal.
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Corn catch up sell signal.
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Corn & wheat sell signal & hedge alert.
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Old crop & new crop beans sell signal & hedge alert.
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KC wheat sell signal & hedge alert.
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Old crop corn & soybean sell signal & hedge alert.
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Soybean sell signal & hedge alert.
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