Jun. 8 at 5:23 AM
⚖️ Bearish short-term, watch for bottom
Corn just printed a 4-month low. Divergent setup creates opportunities.
Price action (June 5, 2026):
Corn
$4.175/bu (4-month low)
-7.79% past month, -5.65% YoY
July
$4.4125 (lowest since Jan 22)
December
$4.6775 (lowest since Feb 25)
Bearish drivers:
US planting 93% complete (ahead of 5-yr avg)
Emergence 76% above normal
Warm/wet June forecasts boosting yield
Brazil production +0.8% to 5.196B bu
China May 14 deal = "guiding target" only
Hidden bullish setup:
USDA crop ratings 67% G/E = LOWEST since 2019
Argentina production CUT -1.9% to 2.047B bu
Iran war diesel shock (biggest since 2022)
Export sales 81.8 MMT (+26% YoY)
Farm equipment tariffs cut 25% → 15%
Next catalyst: USDA WASDE June 11 (moves prices 15-25 cents on surprise)
Seasonal: corn historically bottoms Oct-Nov.
Plays:
$ZC.X futures,
$CORN.X (Teucrium),
$CORX.X (2x),
$ADM $BG on volatility.