Grain Market Insider Interactive Quote Board

Grain Market Highlights

🌽 Corn: The corn market finished the session with moderate losses, as the heavy supply backdrop, combined with selling pressure in the wheat and soybean markets, limited upside and weighed on prices.
🌱 Soybeans: Soybeans finished the day lower after giving back earlier gains. Prices again pushed above the 200-day moving average but failed to hold that level, ultimately slipping back below Friday’s low.
🌾 Wheat: Wheat futures gave back a sizable portion of Friday’s gains, closing lower across all three classes despite the dollar index trading sharply lower.
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 updated U.S. and South American weather maps, scroll down to the other charts/weather section.

Note – For the best viewing experience, some Grain Market Insider content is best viewed with your phone held horizontally.

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 finished with moderate losses as the heavy supply picture, along with selling pressure in the wheat and soybean markets limited gains during the session. March corn futures fell 2 ¼ cents to 428 ¼, while May lost 2 cents to 436.
USDA announced weekly export inspections on Monday morning. For the week ending January 22, Corn inspected for export was 1.510 MMT (59.5 mb). This number was up slightly from last week. Current total inspections are at 1.238 bb, now trending 53% over last year’s totals.
The private Bazil consultancy group, AgRural, increased its forecast for Brazil’s 2025-26 corn output to 136.6 MMT, up from its previous estimate of 136 MMT.
Despite the US dollar breaking to its lowest levels since September, grain markets failed to find any traction. The heavy global supply picture for grains limits the buying enthusiasm in the corn and wheat markets.

Corn Managed Money Funds net position as of January 20. Net position in Green versus price in Red. Money Managers purchased 450 contracts between January 13 – January 20, bringing their total position to a net short 81,324 contracts.

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 lower giving back gains from earlier in the day. Prices once again exceeded the 200-day moving average but could not hold and fell back below Friday’s low. March soybeans lost 6 cents to $10.61-3/4 while November lost 3 cents to $10.79. March soybean meal lost $5.60 to $294.30 and March soybean oil lost 0.10 cents to 53.89 cents.
Today’s export inspections report was decent for soybeans but below last week’s numbers with inspections totaling 48.7 million bushels for the week ending January 22. Total inspections for 25/26 are now at 759 mb, which is down 39% from the previous year.
Friday’s Commitment of Traders report saw funds as sellers of soybeans by 2,901 contracts which reduced their net long position to 10,060 contracts. Funds bought 27,750 contracts of soybean oil in a big move which reduced their net short position to 25,269 contracts. They sold 21,058 contracts of soybean meal leaving them short 38,198 contracts.
The Buenos Aires Grain Exchange lowered Argentina’s soybean crop condition ratings by 8 points this week to 53% good-to-excellent, while Brazil — outside of southern areas of concern — remains largely on track for another record soybean crop in 2026.

Soybean Managed Money Funds net position as of January 20. Net position in Green versus price in Red. Money Managers sold 2,901 contracts between January 13 – January 20, bringing their total position to a net long 10,060 contracts.

Wheat

Market Notes: Wheat

Wheat gave back a good portion of Friday’s gains to close lower in all three classes today. This negativity comes despite a gap lower for the US Dollar Index, which gave early session strength to the grains. It is likely that a 2-3 inch blanket of snow across eastern Kansas on Friday lessened traders’ concerns over winterkill. Additionally, a firmly lower close for MATIF wheat futures offered no support to the US market. March Chicago lost 7 cents to 522-1/2, Kansas City was down 11 at 529-3/4, and MIAX fell 5-1/4 to 569-3/4.
Weekly wheat inspections were pegged at 12.9 mb, which brings total 25/26 inspections to 600 mb, up 18% from last year. Inspections are currently running above the USDA’s estimated pace; total 25/26 exports are forecasted at 900 mb, up 9% from the year prior.
The record wheat harvest in Argentina has created stiff competition in the global marketplace; their wheat is currently the cheapest in the world. This, in part, has recently caused consultancy Expana to reduce their estimate of EU 25/26 soft wheat exports by 4% to 28.8 mmt. This will likely weigh upon Black Sea and US exports as well.
According to Friday’s CFTC data, managed funds sold around 4,500 contracts of Chicago wheat, around 1,400 Minneapolis, and just over 200 Kansas City. This brings their net short position across all three classes to more than 145,000 contracts.

Action Plan: Chicago Wheat

Calls

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:

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:
  - None.
- Notes:
  - None.

Chicago Wheat Managed Money Funds net position as of January 20. Net position in Green versus price in Red. Money Managers sold 4,471 contracts between January 13 – January 20, bringing their total position to a net short 110,700 contracts.

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:

Kansas City Wheat Managed Money Funds net position as of January 20. Net position in Green versus price in Red. Money Managers sold 237 contracts between January 13 – January 20, bringing their total position to a net short 13,018 contracts.

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:

Minneapolis Wheat Managed Money Funds net position as of January 20. Net position in Green versus price in Red. Money Managers sold 1,396 contracts between January 13 – January 20, bringing their total position to a net short 21,898 contracts.

Other Charts / Weather

Above: US 7-day precipitation forecast courtesy of ag-wx.com.

Above: South America 7-day precipitation forecast courtesy of National Weather Service, Climate Prediction Center.