Wheat futures dropped to a 2-month channel as corn held firm. 4/22/26

In the grain markets, Soybean futures traded mixed, remaining locked in a five-week sideways pattern as global headlines overshadowed typical weather and planting acreage market drivers. In the options market, the July contract saw 2,800 contracts sold on the call side ahead of May options expiration. Meanwhile, Corn futures posted a firm session, climbing for a fourth consecutive day as steady demand provided underlying support. Option open interest in corn added 1,900 to the call side, suggesting potential upward momentum. Wheat futures struggled to maintain recent highs, facing renewed selling pressure that pushed prices back into a familiar two-month channel, with the May contract slipping below the $6 mark to 598'2. Learn about trading futures and options at CME Group: https://www.cmegroup.com/markets/agriculture.html #agriculture #Corn #wheat