Walsh Pure Grain Technicals / Daily News – Pure Hedge Division
Tim Healy 9/14/2026
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Dec '26 Corn 533’2 last traded
Moving Averages:
5-day: 531-4
20-day: 524-6
50-day: 491-1
100-day: 480-4
200-day: 474-3
The important feature is the very clean bullish MA structure:
Price > 5-day > 20-day > 50-day > 100-day > 200-day That is characteristic of a strong established uptrend. The 20-day MA is about 8’4 cents below price, while the 50-day is about 42 cents below. The widening spread between the 20-day and 50-day moving averages confirms accelerating trend strength and suggests the longer-term uptrend remains firmly intact.
The short-term stochastic has improved: 9-day %K: 30.52, 9-day %D: 26.01
So %K is back above %D, suggesting short-term momentum is turning higher after the recent pullback. However, the longer stochastics are still elevated:
20-day: 76.35 / 77.49
50-day: 83.84 / 84.12
100-day: 85.75 / 85.24
Corn has the best combination of price trend + momentum.
The recent decline in the 5-day MA doesn't look like a major trend break. It looks more like a short-term consolidation within a strong uptrend.
Bullish unless Dec corn loses the 20-day MA around 524-6.
Nov '26 Soybeans 1304’2 last traded. Trend remains bullish, but momentum is deteriorating.
Moving averages:
5-day: 1311-4
20-day: 1276-4
50-day: 1229-2
100-day: 1197-5
200-day: 1154-7
This is a bullish MA configuration.
Price is currently below the 5-day MA, but remains substantially above every longer-term MA. That tells me the soybean market is experiencing a short-term correction rather than a confirmed trend reversal. The bigger warning is stochastic momentum. The stochastic readings are considerably more bearish than corn:
9-day
%K = 53.14
%D = 71.19
14-day
%K = 79.69
%D = 85.60
20-day
%K = 83.91
%D = 89.04
50-day
%K = 87.01
%D = 91.20
The repeated pattern of % K below % D indicates momentum has turned downward.
And the 50- and 100-day stochastic readings remain very high, meaning soybeans have been in a prolonged overbought condition.
Bullish trend + bearish short-term momentum and I'd be more cautious chasing Nov beans higher here. The 20-day MA at 1276’4 becomes the important trend test. A move back toward that area would represent a much more meaningful correction.
Dec '26 Wheat Last Price: 722-0
Moving averages:
5-day: 732-4
20-day: 732-2
50-day: 694-6
100-day: 670-7
200-day: 635-2
Wheat has a very different setup. The longer-term trend remains bullish:
722 > 694 > 670 > 635 But price is now below both the 5-day and 20-day averages.
That indicates a short-term correction inside a longer-term uptrend. Stochastics is the biggest signal
9-day Raw stochastic: 9.94
%K: 15.49
%D: 17.79
That's extremely oversold.
The 14-day is also weak:
%K: 39.92
%D: 44.16
And 20-day:
%K: 47.20
%D: 53.71
Wheat has experienced a significant momentum washout, with all major stochastic timeframes showing %K below %D.
Wheat has the best oversold/rebound setup, but not the strongest immediate trend.
A move back above 732-2/732-4 would be particularly important because that would put wheat back above both its 5- and 20-day averages.
Corn has the strongest technical trend, price above all major MAs, and RSI/Relative Strength readings range from approximately 59-63, with short term stochastic turning upward.
Corn currently has the strongest combination of trend and momentum, while soybeans maintain the strongest long-term bullish moving-average structure. I also think they have the greatest overbought risk and have the largest separation from their long-term averages.
The stochastic configuration is warning:
%K < %D across virtually every meaningful timeframe. That suggests the market may need to correct/consolidate before another leg higher.
Wheat has the strongest recovery potential if momentum begins to turn higher.
It's much closer to oversold territory, particularly on the 9-day stochastic.
If wheat can reclaim the 732 area, you could see a meaningful stochastic-driven bounce.
Tim Healy
Broker
Pure Hedge Division
Direct: 1 312 957 4731
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