October 9, 2025
At this hour:
🌽Corn market is down 0-1c,
🌱soybeans are down 3-4c,
🍞wheat is up 1-2c,
🛢️crude oil is down 36-38c,
💲US Dollar is down 4-5 points.
-Corn futures continue to trend sideways trading in 4-5c daily ranges this week while November soybeans are trending sideways in 10-12c daily ranges.
-The weather is still calling for above normal temperatures for most of the U.S. over the next 8-14 days while the majority of the rains will stay in the western part of the U.S.
-November soybean futures ran into resistance at $10.30 and are now off those highs.
-Soybean harvest is wrapping up, and spreads are improving as is basis. Corn basis seems to be holding steady as farmers make the switch from soybeans to corn this week.
🐂🐻Look for a choppy trade session today.
Support/Resistance:
December corn – Support on December corn is at $4.15 which is the 50-day moving average Resistance is at $4.23 1/4 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 1/4 which is the 100-day moving average.
November soybeans – Support comes in at $10.05 which is the September 3rd low. Resistance is at $10.29 which is the 200-day moving average.
July soybeans – Support is at $10.67 1/4 which is the 200-day moving average. Resistance is at $10.82 1/2 which is the 50-day moving average.
December Kansas City wheat – Initial support is at $4.88 which is the low from October 1st. Resistance comes in at $5.05 which is the 20-day moving average.
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