December Corn: December futures completed bullish spike reversals during August 2024 and 2025. The Dec26 contract extended the major (long-term) uptrend to a high of $4.9850 during March before closing at $4.8425, up 14.75 cents (3.1%) for the month.

Theoretical Positions:

  • Hedgers:
    • See Weekly Analysis: Grains (both Futures and Cash)
  • Investors:
    • Long Dec26 futures at roughly $4.6225
  • Long-term investors will want to still be long Dec corn based on the bullish spike reversal at the end of August 2024 on the continuous monthly chart confirming the end of the previous long-term downtrend from May 2022. Another bullish spike reversal was completed at the end of August 2025.
    • The Dec26-Dec27 futures spread closed March at a carry 0f 6.0 cents after hitting a high of 4.75 cents inverse during the month.

November Soybeans: Nov26 spiked to a high of $11.7425 during March before closing at $11.5750, up 29.25 cents (2.6%) for the month. Theoretical Positions: Long-term investors may have had buy stops above the previous Nov25 4-month high of $10.7425, the equivalent in Nov26 at $10.88. It’s also possible these same investors got out of those long positions at the end of December with Nov26 priced at $10.6450 and are looking for an opportunity to go short.

Teucrium Corn Fund (CORN) extended its major uptrend to a high of $18.84 during March before closing at $18.40, up $0.51 (2.9%) for the month. Theoretical Positions: CORN could’ve been bought near the August 2024 settlement of $17.70. Some may have added longs, or initiated initial positions near the August 2025 settlement of $17.57 based on a bullish spike reversal. A new round of buys could’ve been made near the October settlement of $17.79. All these combined would put the average position near $17.75.

The Teucrium Soybean Fund (SOYB) extended its major uptrend to a high of $25.04 before closing March at $24.40, up $o.58 (2.4%) for the month. Theoretical Positions: Investors might’ve bought near the December 2024 settlement of $21.48 with sell stops below the December low of $20.20. Some may have added long positions near the April 2025 settlement of $21.47. Additional longs could’ve been added near the October 2025 settlement, creating an average price of $22.13.

The Teucrium Wheat Fund (WEAT) extended its major uptrend to a high of $23.83 before closing March at $23.57, up $1.00 (4.4%) for the month. Theoretical Positions: Long-term investors could’ve bought WEAT near the January close of $20.97.