Walsh Pure Grain Technicals / Daily News – Pure Hedge Division
Walsh Pure Grain Technicals / Daily News – Pure Hedge Division
Tim Healy 10/15/2026
Dec’26 Corn
Sharp selloff: October 9 closed down 20.50¢, or 4.10%.
Lower prices: Corn fell from 483¢ on October 12 to 478¢ on October 15.
Moving-average direction: All three averages are declining. The 7-day average is falling faster than the 21-day average.
Support to watch: 476¢, followed by the October 9 low of 470.25¢.
Resistance to watch: 483–488¢, then the 7-day MA at 486.64¢.
Signal: Sellers remain in control. A move back above 486–488¢ would be an initial improvement, but not yet a confirmed reversal.
Price < 7-day MA
7-day MA < 14-day MA
14-day MA < 21-day MA
This is a textbook bearish alignment.
What stands out
The 7-day MA sits over 10¢ below the 14-day average.
The 14-day sits almost 12¢ below the 21-day average.
Implication
Trend-following signals remain bearish.
Rallies toward 487-497 (7- and 14-day averages) likely become resistance zones.
Bulls need a close back above the 7-day average before discussing a trend reversal.
Nov ’26 Soybeans (Weak but Better Than Corn)
Trend Structure
Price < 7-day MA
7-day MA is only slightly below the 14-day MA
14-day MA < 21-day MA
What stands out
The 7-day and 14-day averages are only about 2½ cents apart.
The trend is still bearish, but less aggressively than corn.
Implication
Soybeans appear to be transitioning from a downtrend toward consolidation.
A recovery above roughly 1284-1287 would be the first sign of improving momentum.
Among the grain markets, soybeans currently show the best potential for a bullish reversal.
Soybeans remain bearish, with fresh selling pressure on October 15. However, the relatively narrow gap between the 7- and 14-day moving averages leaves open the possibility of stabilization if prices recover above 1,284-1,287¢.
Fresh weakness: October 15 fell 14.25¢, or 1.12%.
Lower highs and closes: Prices have weakened across the latest four sessions.
Moving-average direction: The 7-day average is declining faster than the 21-day average, consistent with short-term momentum weakening.
Support to watch: 1,262.25¢, the October 15 low.
Resistance to watch: 1,277–1,284¢, followed by the 14-day MA at 1,286.70¢.
Signal: Soybeans have the weakest latest daily percentage performance of the three markets. A break below 1,262.25¢ would indicate additional near-term weakness.
Dec ’26 Wheat — Bearish trend with a possible pause
Bearish, watching for stabilization
Failed rebound: Wheat rose 4¢ on October 14 but fell 3.25¢ on October 15.
Lower trend: The 7-, 14-, and 21-day averages are all declining.
Support to watch: 667.25¢, followed by the October 14 low of 663¢ and October 9 low of 661.50¢.
Resistance to watch: 675–682¢, where the 7-day average and recent trading levels sit.
Signal: Wheat is bearish, but a sustained move above 675–682¢ would be an early sign that selling pressure is easing.
Trade Ideas
Call to discuss a plan moving forward.
Tim Healy
Broker
Pure Hedge Division
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