Can ‘King Corn’ Pull Soybeans, Wheat Out of Their Price Slumps?

The soft red winter wheat (ZWH26), soybean (ZSF26), meal (ZMF26), and soybean oil (ZLF26) markets at present look very heavy and susceptible to more price downside in the near term. However, corn (ZCH26) and hard red winter wheat (KEH26) late last week showed some price strength. Corn may be the most important grain market to watch in the near term. My grain-market-reporting days on the floor of the Chicago Board of Trade nearly 40 years ago remind me that veteran grain traders would tell me, “Corn is kin ...