10/06/26 Bulls Cautiously Trying to Regroup

10/06/2026 Click Above to Watch the Morning Market Talk Video Bulls Cautiously Trying to Regroup On the Grains: Corn, soybeans and wheat traded higher overnight as all three markets tried to rebound from last week’s sharp corrective losses. Corn and soybeans are being supported by slowed harvest paces, though a week of open weather will lead to a rush of harvest activity as farmers race against building disease pressure and quality loss. Soybean traders will also watch the Brazilian real, which surged on Monday as investor favorite Flávio Bolsonaro emerged from the first round of elections as favorite to take the presidency in a runoff on Oct. 25. A stronger real reduces Brazilian farmer selling and increases competitiveness of U.S. soybeans on the global market. Grain traders will also start to position ahead of Friday’s USDA reports. December corn futures have formed a bear flag on the daily chart, with the triple-bottom at $4.95 serving as key support at the bottom of the flag. November soybeans are trying to work back into the month-long sideways range, needing a close above $12.88 to accomplish that. Wheat futures are working on day four of corrective gains as traders rebuild some geopolitical risk premium…