Commodities
Grain Markets Tumble as Moving Averages Point to Bearish Trends
The grain markets are at a crossroads, according to moving averages that suggest a bearish trend in Corn and Wheat.
Corn Dec '26 is currently trading at 522'0, below its 7-day MA of 529'7. This is a classic bearish moving-average alignment, indicating sellers remain in control unless price can reclaim the 530-533 area.
The market has broken below all three short/intermediate-term averages, with the 14-day MA at 531'5 and the 21-day MA at 533'1. Momentum has weakened sharply from the 546 high posted on 09/01.
Soybean Nov '26 is also in a short-term downtrend, with its current price of 1297'75 below all three MAs. The averages are tightly clustered between ~1312-1313.5, making this zone the key near-term battleground.