Grain Market Surges as Soybeans May Outpace Corn and Wheat

The grain market has been experiencing a surge in prices recently. According to Rich Moran of Walsh Trading, this is due to a combination of factors, including bad weather and supply chain disruptions.

Moran suggests that soybeans may be more plentiful than corn or wheat, as it requires less fertilizer to grow. This could lead to an increase in the supply of soybeans, potentially putting downward pressure on prices.

The current spread between March Soybeans (ZSH27) and the combined price of March Corn (ZCH27) and March Wheat (ZWH27) is -20½ cents. Moran recommends selling this spread at -15 cents or lower, with a risk of 25 cents to make 45 cents.

This spread package has not settled above its 14-day or 21-day averages since August 11, 2026. If it stays below these moving averages, it could continue to go lower, according to Moran.