08/20/26 $5 Corn Returns

08/20/2026 Click Above to Watch the Morning Market Talk Video $5 Corn Returns On the Grains: December corn futures rose to $5 overnight for the first time since May 19 and bulls have the May high at $5.06 1/2 in their sights. November soybeans are within 15 cents of the July high at $12.56 1/2. Those respective highs will be key tests for the strength of the latest wave of fund buying. While some suggest markets are trying to ration use amid falling supply expectations, spreads tell a different story. The conflicting message suggests this is little more than a money flow game. Wheat futures have seen buyer interest build through the overnight session and are now solidly higher early this morning. December SRW futures pushed to their highest price since July 24. That day’s contract high at $7.28 1/4 stands as a key test for bulls; it’s currently about 25 cents away. Day 3 Pro Farmer Crop Tour Results: Better Corn but Still Disappointing Pro Farmer released results from Day 3 of Crop Tour for Illinois and the western three crop districts in Iowa (1,4 and 7) on Wednesday evening. Illinois: The trend of disappointing ear counts was broken –…