2024 December corn futures peaked this year a little earlier than the traditional early-June price high.

If we shift 2024 price action a few days back the seasonal pattern looks quite similar. Of moderate concern, there is typically not much of a rebound in the coming weeks

The same general story can be noted for November soybean futures. 2024 price action saw an earlier than normal peak.

If we shift 2024 price action a few days back the seasonal pattern looks quite similar. While we are not making any claim of a rebound in the coming weeks it must be noted the seasonal would suggest a moderate short term rebound in the coming weeks before fall lows.

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