May 24: Most-active CBOT #corn futures settled below the 50-day moving average for the first time since Oct. 21, 2021. The settle of $7.71-3/4 per bushel is 6.4% off the April 29 high of $8.24-1/2. 100-day avg as of Tuesday is about $7.14. 
A longer term picture. Closing below the 50-day avg is generally a negative technical sign, but it isn't guaranteed. Corn settled below the 50-day on March 30, 2021 for the 1st time since Aug. 12, 2020, then didn't do it again til June. Though now, corn is near historic highs.
U.S. planting progress and China/Brazil trade prospects weighed down the corn market Tuesday. U.S. corn planting is still historically slow, but not 2019, no-end-in-sight slow. China cleared Brazilian corn for import, causing concerns for US competitiveness into China.
Most-active CBOT #wheat & #soybeans closed above averages (20, 50, 100, 200 day) on Tuesday. New-crop soybeans have gained on #corn in recent sessions and are at the highest point since late March. Still far from what we could call "soybean territory" (see 2016).
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