Price and seasonality align for Corn (and what it means)
Key points
- Corn is a highly cyclical market and is presently entering its weakest seasonal period of the year
- Likewise, corn enters this weak seasonal period already trading in an established downtrend
- Trading opportunities often arise when price and seasonality trends are in agreement
- The unfavorable seasonal period will last into mid-August; aggressive traders might consider looking for opportunities to play the short side of corn between now and then
Corn price action displays weakness
The price of corn has declined significantly in recent years. The chart below displays a weekly chart of corn futures with a 40-week moving average.

The good news is that price worked back above its long-term moving average early in 2026. The bad news is that it recently dipped back below this long-term average.
For a slightly different perspective, the chart below displays a daily chart of corn futures with a 70-day exponential moving average. By this measure, it can be strongly argued that corn is back in an established downtrend in price.
