Soybeans
May ‘26
1223 ¾, -3 ½
14-day high: 1238 ¾
14-day low: 1121 ½
Soybeans had a bearish reversal on the intra-day chart after making a lower high at 1228 before noon. Soybeans are still in a clear uptrend, but there seems to be some profit-taking going on heading into the weekend. Soybean oil was able to close the day positive, after trading lower most of the day, which is a bullish signal. Looking at a weekly chart, soybeans have resistance at 1255. Support is at 1204 and 1170.
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Corn
May ‘26
467, +4 ½
14-day high: 476
14-day low: 424
Corn is now trading well-above the level seen before the disappointing January WASDE report from the USDA. Corn bounced off the 14-day moving average on Tuesday but is still looking for a move above the contract high at 476. Corn has strong support at 455 and at the 200-day moving average at 447.
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Wheat
May ‘26
613 ¼, +14 ¾
14-day high: 641 ¾
14-day low: 558
That’s the third week in a row, with a higher closer for wheat. Wheat is showing significant technical strength as it continues to make higher highs and is trading above the 14, 21, and 50-day moving averages. Wheat is breaking out on all chart timeframes, but looks especially strong on the daily and monthly charts. Wheat has resistance at 625, while support is at 590.
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Now is a great time to hedge your grain if you’re a producer. The rally in the grains may continue, but it still makes sense to hedge a piece on a move like this. If crude oil reverses and funds start taking profits, the grains can move lower in a hurry. It was reported on Tuesday that US Treasury officials are considering trading in oil futures to bring down energy costs. The Prospective Plantings Report will be out at the end of the month and will likely bring some volatility. I recommend buying your options now. Contact me for ideas specific to your operation.
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If you don't like the customer service or personal attention you are receiving from your broker, you have options, and you don't have to stay there. I can have your new account open quickly. Call me anytime 312-765-7311.
If you would like to open an account, please use this direct link
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Having a Trading or Hedging Account is essential for your business to be successful. Market volatility has increased across all commodities over the last 12 months, and 2026 has already had a volatile start. Opening an account in the future, will not help you if you need access now. To be successful, you need to be able to manage risk in real time. If you are proactive now, you will have the ability to be reactive when you need to be. You can be prepared and patient at the same time. Call me or hit the direct link above.
Hans Schmit
Broker, Pure Hedge Division
312-765-7311
hschmit@walshtrading.com
WALSH TRADING INC.
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Chicago, IL 60606
Walsh Trading, Inc. is registered as a Guaranteed Introducing Broker with the Commodity Futures Trading Commission and an NFA Member.
Futures and options trading involves substantial risk and is not suitable for all investors. Therefore, individuals should carefully consider their financial condition in deciding whether to trade. Option traders should be aware that the exercise of a long option will result in a futures position. The valuation of futures and options may fluctuate, and as a result, clients may lose more than their original investment. The information contained on this site is the opinion of the writer or was obtained from sources cited within the commentary. The impact on market prices due to seasonal or market cycles and current news events may already be reflected in market prices. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. All information, communications, publications, and reports, including this specific material, used and distributed by Walsh Trading, Inc. (“WTI”) shall be construed as a solicitation for entering into a derivatives transaction. WTI does not distribute research reports, employ research analysts, or maintain a research department as defined in CFTC Regulation 1.71.
