3 Things to Watch in Grains Friday

Group 1: Corn Market Analysis - The corn market showed a slight decline early Friday, with the March issue trading within a narrow range of 1.75 cents and a volume of fewer than 15,000 contracts [1] - On Thursday, March, May, and July corn futures closed down 3.75 cents, while the December contract ended 3.25 cents lower at $4.2650 [1] - The December option expiration day is expected to influence market movements, with a significant number of contracts centered around the $4.20 strike price, indicating potential downward pressure [1] Group 2: Soybean Market Insights - The soybean market also experienced a decline, with the January issue down 3.25 cents on light trading volume of about 18,000 contracts [4] - The January soybean futures closed 13.75 cents lower on Thursday, reflecting a bearish trend in the National Soybean Index [4] - Technical analysis suggests that the first four 2026 futures contracts could complete bearish key reversals if they close lower for the week, indicating a potential shift in intermediate-term trends [4] Group 3: Wheat Market Overview - The wheat market started the day lower, with the December HRW issue down 1.75 cents at $5.0450 and the December SRW issue down 3.0 cents at $5.24 [5] - The largest open interest for HRW is at the $5.10 strike price, while for SRW, it is at $5.40, indicating market positioning ahead of Friday's session [5] - Despite the current declines, there remains a possibility for a rally in wheat prices, as historical volatility in the market suggests that unexpected movements can occur [5]