Corn Market Sees Nine Consecutive Days of Higher Highs

The corn market has been on a tear for nine consecutive days, with prices rising steadily. According to Stephen Davis, senior market strategist at Walsh Trading, Inc., this is a bullish sign that demand will drive prices higher into early next year.

Davis points out that the recent World Agricultural Supply and Demand Estimates (WASDE) report from the United States Department of Agriculture forecasts lower supplies, unchanged domestic use, larger exports, and smaller ending stocks for the 2026/27 U.S. corn crop.

The WASDE report also predicts a second-largest U.S. corn harvest on record, with production forecasted at 16.0 billion bushels, up just 13 million from last month.

Davis recommends buying December 2026 corn at 509½ per contract and risking the trade at 499½ stop, with a project objective to sell December 2026 corn at 529½. He also suggests buying March 2027 corn 650 calls at 7.00 ($350 per option contract).