I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391 and sdavis@walshtrading.com.
The price of corn had a reversal up today and once again went above the 200-day moving average line. In my opinion, corn prices will go higher in the next 72 hours.
For the week ending November 27, 2025, United States Department of Agricultural (USDA) Market News reports U.S. corn export inspections totaling 1.421 million metric tons, which was a 16.2% decrease from the previous week but nearly 50% higher than the same week last year. The top destinations were Japan, Mexico, Colombia and Honduras. For Brazil, a top corn producer, the USDA Foreign Agriculture Service estimates the 2025/2026 corn production at 131 million tons. This is less than last month's estimates perhaps because of possible delays in Safrinha (second season) planting next spring.
Demand will continue to be very good for U.S. corn and drive prices higher, in my opinion.
An option trade strategy is sell three February 2026 corn 435 puts at 5.0. With that premium, buy one February 2026 corn 450 call at 11.0. The puts you sell bring $750 to your account. The call you buy will cost $550. These options expire January 23, 2026. This is a lot of time to hold the options. If corn rallies, you can buy these puts back and take risk off the table.
I strongly believe if and when corn trades lower, buyers will purchase it at lower prices and send the price back up.
To discuss futures and options strategies, contact me anytime at 312-878-2391. Have an excellent day.
Stephen Davis
Senior Market Strategist
Walsh Trading, Inc.
Direct 312 878 2391
Toll Free 800 556 9411
sdavis@walshtrading.com
www.walshtrading.com
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