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Barchart
Barchart
Jim Wyckoff

Corn, Soybean Traders Get Price-Bullish Pro Farmer Crop Tour

Tour USDA United States Illinois Ohio

December corn (ZCZ26) rose on Friday 5 cents to $5.08 1/2, near the daily high, and hit a 2.5-year high for the contract. On the week, December corn was up 25 1/4 cents. November soybeans (ZSX26) on Friday rose 3 cents to $12.39 1/2 and for the week were up 47 cents. Friday’s technically bullish weekly high closes in December corn and November soybeans set the stage for follow-through chart-based buying from the speculators early this week.

Both corn and soybeans saw on Friday saw big daily “flash” USDA export sales. Corn saw daily export sales of 205,000 MT to unknown destinations during the 2026-27 marketing year. The agency also reported daily sales of 712,000 MT of U.S. soybeans to China and 720,000 MT of U.S. beans to unknown destinations, each during the 2026-27 marketing year.

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