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S Illinois | July corn made what was the last push of semi triple top on 5-19-26 at roughly $4.80. From there if fell to almost $4.10 on 6-8-26. Prices treaded water between $4.20 and $4.00 for the next 2 weeks until making a contract low on 6-29 just below $4.00. The end of June also corresponds with the FND of CN corn contracts, specifically 6-30-26. So all commercials will force the pricing or rolling of basis contracts the day before FND. This always leads to weakness when corn carryout is adequate. So no I don't see the market getting scared of acreage/grains stocks report and that causing the corn price to fall to steal bushels.
Edit: Commercials and funds alike are very aware of basis contract volume and can put the squeeze on the weakest player in the market, which are those farmers with basis contracts.
Edited by w1891 7/6/2026 17:53
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is this really Market talk
