Nine Days on Top: Corn Futures Soar as Demand Takes Hold

Corn futures have been rising for nine consecutive days, creating a bullish signal in the market. According to Stephen Davis, senior market strategist at Walsh Trading, Inc., this trend is driven by strong demand for corn.

The monthly World Agricultural Supply and Demand Estimates (WASDE) report from the United States Department of Agriculture forecasts lower supplies and larger exports for the 2026/27 U.S. corn crop, with production expected to reach 16.0 billion bushels, a 13 million increase from last month.

Davis recommends buying December 2026 corn at 509½ per contract, risking the trade at 499½ stop, and aiming to sell at 529½. He also suggests buying March 2027 corn 650 calls at $350 per option contract.