Sept 11, 2026 Corn technical outlook

We’ve rallied incredibly well into this fall with higher demand and less yields from states like North and South Dakota. Today is a good risk off day as the wasde can turn the market from bull into bear or vice versa.

Today you should be 20-30% sold in DEC. If you are not, I continue to recommend layering in protection. Right now Dec ‘26 futures are 5.25 and you can get -.30 basis at the ethanol plant.

I am also recommending a sale in July or May ‘27 for 10-20% against the futures. Futures target is $5.65.

Today you should be 40% sold or more on futures for the 26/26 crop season. Technically the futures will drop into harvest. However, due to the demand and carryout, I believe 2027 corn futures have not yet peaked. We are making floors with our protection as it’s always better to have a bird in hand than two in the bush.