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Grain Market Insider Interactive Quote Board

Grain Market Highlights

🌽 Corn: Corn closed lower as persistent supply concerns continue to limit any rally, with the market still reacting to Monday’s USDA report.
🌱 Soybeans: Soybeans closed higher today, bolstered by strong export sales that provided support to the market.
🌾 Wheat: Wheat futures closed lower across all three classes, as the market lacked any news to drive upward momentum.
The USDA announced that farmers who qualify for the Farmer Bridge Assistance (FBA) Program can expect payments to be released by February 28, 2026
To see the updated U.S. 7-day precipitation forecast as well as the Brazil and Argentina one-week forecast total precipitation courtesy of the National Weather Service, Climate Prediction Center and NOAA, scroll down to the other Charts/Weather section.

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Corn

Action Plan: Corn

Calls

Cash

Puts

Corn Action Plan Summary

2025 Crop:

Plan A:
- Target 470 against March 2026 futures to sell a portion of your crop.
Plan B:
- Buy call options if March 2026 futures close above 475 macro resistance.
Details:
- Sales Recs: Nine sales recommendations have been made to date, with an average price of 456.64.
- Changes:
  - None.
- Notes:
  - Key resistance for the macro trend sits at 475 vs March 2026. A close above 475 would signal a potential shift to a macro uptrend, triggering a call option purchase.

2026 Crop:

Plan A:
- Target 466 against December 2026 futures to sell another portion of your crop.
Plan B:
- Buy call options if December 2026 futures close above 487 macro resistance.
Details:
- Sales Recs: Four sales recommendations have been made to date, with an average price of 462.
- Changes:
  - A Plan A target has been added.
- Notes:
  - Resistance for the macro trend sits at 487 vs December 2026. A close above 487 would signal a potential shift to a macro uptrend, triggering a call option purchase.

To date, Grain Market Insider has issued the following corn recommendations:

Market Notes: Corn

The corn market struggled to gain traction on Thursday, despite strong export sales earlier in the week and announced flash sales, as ongoing supply concerns continued to cap any potential rallies. March corn futures closed 1 ¾ cents lower to 420 ¼, while the May contract slipped 2 cents to 427 ¾.
The corn market posted a technically weak close, as the March contract failed to push through yesterday’s high of 425, and finished at the bottom end of the range. The weak close could trigger additional selling pressure at the start of the overnight session.
USDA announced weekly corn export sales on Thursday morning. For the week ending January 8, US exporters reported new sales of 1.140 MMT (44.9 mb). This was up from last week, and within expectations. Mexico was the largest buyer of U.S. corn for the week. Total current export sales are running 29% ahead of last year’s pace.
USDA announced two flash sales of U.S. export corn on Thursday morning. Japan purchased 260,000 MT (10.2 mb) and Unknown Destinations purchased 500,302 Mt (19.7 MB) for the 2025-26 marketing year.
The Rosario Grain Exchange published their first estimate of Argentina’s 2025/26 corn campaign. The Exchange is projecting a record production of 62 MMT, a record large volume of corn. USDA is forecasting the Argentina crop at 53 MMT.

Soybeans

Action Plan: Soybeans

Calls

Cash

Puts

Soybeans Action Plan Summary

2025 Crop:

Plan A:
- Target 1151 against March 2026 futures to sell a portion of your crop.
Plan B:
- None.
Details:
- Sales Recs: Four sales recommendations made to date, with an average price of approximately 1067.75.
- Changes:
  - The Plan A sale target has been lowered to 1151 from 1162.
- Notes:
  - None.

2026 Crop:

Plan A:
- Target 1224 against November 2026 futures to sell a portion of your crop.
Plan B:
- Sell a portion of your crop if November 2026 futures break below 1045.
- Buy call options if November 2026 futures close above 1142 macro resistance.
Details:
- Sales Recs: One sales recommendation has been made so far to date.
- Changes:
  - None.
- Notes:
  - Key support for November 2026 futures is at 1045 – a break below this level would indicate the potential for a trend change. A stop is used to allow the current market trend to continue developing and will only trigger a sale recommendation if prices close below this level.
  - Resistance for the macro trend sits at 1142 vs November ‘26. A close above 1142 would signal a potential shift to a macro uptrend, triggering a call option purchase.

To date, Grain Market Insider has issued the following soybean recommendations:

Market Notes: Soybeans

Soybeans ended the day higher for the second consecutive day with primary support from strong export sales and the fact that the Trump administration will soon release biofuel blending quotas which supported bean oil. March soybeans gained 10-1/2 cents to $10.53, while November gained 6-1/4 cents to $10.64-1/4. March soybean meal lost $2.60 to $293.90 and March soybean oil gained 1.97 cents to 53.47 cents.
USDA released the weekly export sales report on Thursday morning. For the week ending January 8, U.S. exporters sold 2.062 MMT of soybeans for the current marketing year. This was above the high end of market expectations. Despite the strong week, total export sales for the current marketing year are trending 29% below last year with the USDA predicting a 13% drop in exports.
The Brazil Agriculture agency, CONAB, released its January crop production estimates on Thursday morning. CONAB lowered the estimate for the Brazil soybean crop to 176.12 MMT, down 1 MMT from last month of reduce yield forecasts. USDA recently raised its forecast to 178 MMT.
USDA announced three flash sales of U.S. soybeans on the export market on Thursday morning. China purchased 206,000 MT (7.5 mb), and unknown destination locked in two sales of 110,000 MT (4 mb) and 360,000 MT (13.2 mb) for a 2025-26 marketing year. A small sale of 75,000 MT (2.7 mb) was recorded for unknown destinations for the 2026-27 MT.

Wheat

Market Notes: Wheat

Wheat posted losses across all three U.S. classes today, even as MATIF futures closed higher. Some of the weakness likely stemmed from a rebound in the U.S. Dollar Index, which reached its highest level in roughly 1.5 months. March Chicago lost 2 cents to 510-1/2, Kansas City declined 5 cents to 517-1/4, and MIAX fell 4-1/2 cents to 562-1/2.
The USDA reported an increase of 5.7 mb of wheat exports sales for 25/26 and 0 mb for 26/27, this for the week ended January 8. Shipments at 11.1 mmt fell below the 16.5 mb pace needed per week to reach their export goal of 900 mb for 25/26. However, total commitments at 745 mt are up 16% from last year, which is ahead of the USDA’s estimated pace.
In an update from the Rosario Grain Exchange, they kept their estimate of Argentine wheat production unchanged at 27.7 mmt. However, this far exceeds the USDA’s forecast of 24 mmt. Meanwhile, CONAB lowered their estimate of Brazilian wheat production by 0.1 mmt to 7.9 mmt (vs the USDA at 8 mmt).
According to the USDA, winter wheat acres affected by drought declined 1% from the previous week, falling to 41%. Meanwhile, 10% of spring wheat acres remain in drought, unchanged from last week.
FranceAgriMer has kept its estimate for French 2025/26 soft wheat exports unchanged at 15.1 mmt. However, this would represent a 45% increase year over year.

Action Plan: Chicago Wheat

Calls

Cash

Sell JUL ’27 Cash

Puts

2025 Crop:

Plan A:
- Target 591.25 for the next sale.
Plan B:
- None.
Details:
- Sales Recs: Six sales recommendations made to date, with an average price of approximately 631.25.
- Changes:
  - None.
  - Notes:
    - Resistance for the macro trend sits at 594 vs March ’26. A close above 594 would signal a potential shift to a macro uptrend, triggering a call option purchase.

2026 Crop:

Plan A:
- Target 585.75 vs July ‘26 for the next sale.
Plan B:
- Buy call options if July 2026 futures close above 669 macro resistance.
Details:
- Sales Recs: One sales recommendation made to date at 624.
- Changes:
  - None.
- Notes:
  - Resistance for the macro trend sits at 669 vs July 2026. A close above 669 would signal a potential shift to a macro uptrend, triggering a call option purchase.

2027 Crop:

Continued Opportunity: Sell a portion of your 2027 Chicago wheat crop today.
Plan A:
- Target 690 vs July ‘27 for the next sale.
Plan B:
- None.
Details:
- Sales Recs: One sales recommendation made to date at 595.75.
- Changes:
  - A recommendation to sell a portion of your 2027 Chicago wheat crop has been added.
- Notes:
  - July 2027 Chicago wheat futures have rebounded more than 13 cents from their mid-December low, and the market is offering nearly 50 cents of carry versus July 2026. That combination supports selling a portion of the 2027 Chicago wheat crop at current levels.

Action Plan: KC Wheat

Calls

Cash

Puts

2025 Crop:

Plan A:
- Target 563 to make the next cash sale.
Plan B:
- None.
Details:
- Sales Recs: Seven sales recommendations made to date, with an average price of approximately 596.75.
- Changes:
  - None.
- Notes:
  - Resistance for the macro trend sits at 590.50 against March ‘26. A close above 590.50 would signal a potential shift to a macro uptrend, triggering a call option purchase.

2026 Crop:

Plan A:
- Target 617 vs July ‘26 to make the first cash sale.
Plan B:
- Buy call options if July 2026 closes at or above 648.
Details:
- Sales Recs: Zero sales recommendations made so far to date.
- Changes:
  - None.
- Notes:
  - Resistance for the macro trend sits at 648 vs July 2026. A close above 648 would signal a potential shift to a macro uptrend, triggering a call option purchase.

To date, Grain Market Insider has issued the following KC recommendations:

Action Plan: Mpls Wheat

Calls

Cash

Puts

2025 Crop:

Plan A:
- No active targets.
Plan B:
- None.
Details:
- Sales Recs: Five sales recommendations made to date, with an average price of 646.
- Changes:
  - None.
- Notes:
  - Resistance for the macro trend sits at 590.50 vs March ‘26. A close above 590.50 would signal a potential shift to a macro uptrend, triggering a call option purchase.
  - FYI – KC options are used for better liquidity.

2026 Crop:

Plan A:
- No active targets.
Plan B:
- Buy call options if July 2026 KC wheat closes at or above 648.
Details:
- Sales Recs: Two sales recommendations have been made to date, with an average price of 654.
- Changes:
  - None.
- Notes:
  - Resistance for the macro trend sits at 648 vs July 2026. A close above 648 would signal a potential shift to a macro uptrend, triggering a call option purchase.
  - FYI – KC options are used for better liquidity.

To date, Grain Market Insider has issued the following KC recommendations:

Other Charts / Weather

Above: US 7-day precipitation forecast courtesy of NOAA, Weather Prediction Center.

Above: Brazil and Argentina one-week forecast total precipitation courtesy of the National Weather Service, Climate Prediction Center