October 7, 2025
At this hour:
🌽Corn market is up 0-1c,
🌱soybeans are up 2-3c,
🍞wheat is down 0-1c,
🛢️crude oil is down 16-17c,
💲US Dollar is up 30-31 points.
-The White House is set to announce an aid package today to farmers for the market losses due to ongoing trade war with China.
-Weekly export inspections were released out yesterday morning. Corn was at a marketing year high with soybeans and wheat both at the upper end of range expectations.
-Brazil corn and soybean planting is off to a great start this year.
-The U.S. Stock market closed at new all-time highs yesterday.
🐂🐻Look for another choppy trade session today.
Support/Resistance:
December corn – Support on December corn is at $4.14 3/4 which is the 50-day moving average Resistance is at $4.23 3/4 which is the 100-day moving average.
July corn – Support comes in at $4.49 which is the 50-day moving average. Resistance comes in at $4.56 1/2 which is the 100-day moving average.
November soybeans – Support comes in at $10.05 which is the September 3rd low. Resistance is at $10.28 1/2 which is the 100-day moving average.
July soybeans – Support is at $10.66 1/2 which is the 200-day moving average. Resistance is at $10.81 3/4 which is the 20-day moving average.
December Kansas City wheat – Initial support is at $4.88 which is the low from October 1st. Resistance comes in at $5.06 1/2 which is the 20-day moving average.
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