About this chart: This is the chart of CBOT December corn for 2024 (in blue), 2025 (in red) and 2026 (in green) The charts look very similar, with the December 2026 corn moving lower into early June. The December 2024 and 2025 corn futures both moved down to mid-August lows. Since June 30, December 2026 corn has moved higher to the high posted last week at $4.92, 56 cents off the June 30 low.
What does this mean for you: Unless the USDA report is bearish on August 12, I again expect a mid-August low in December corn futures. That will be an ideal time to buy feed corn, and/or call options.