December 11, 2025
At this hour:
🌽Corn market is up 2-3c,
🌱soybeans are up 2-3c,
🍞wheat is up 3-4c,
🛢️crude oil is down $0.82-$0.83,
💲US Dollar is down .24-.25
-FOMC did cut interest rates by 25 basis points.
-China is rumored to have bought 11 more cargoes of soybeans from the U.S. yesterday.
-Flash sales of 132,000 MT of beans to China, 331,000 MT of soybeans to unknown destinations and 120,000 MT of soybean meal to Poland was announced yesterday.
-March corn futures failed to hold above the 200-day moving average yesterday but currently trading above that level today.
-January soybeans seem to have found some support at $10.81 which is also our high from August 22.
🐂🐻 Look for a higher trade today.
Support/Resistance:
March corn – Support on March corn is at $4.36 3/4 which is the 100-day moving average. Resistance is at $4.47 which is the 200-day moving average.
July corn – Support comes in at $4.52 1/4 which is the 100-day moving average. Resistance comes in at $4.61 3/4 which is the 200-day moving average.
January soybeans – Support comes in at $10.68 which is the 100-day moving average. Resistance is at $11.09 3/4 which is the 10-day moving average.
July soybeans – Support is at $11.02 1/2 which is the 100-day moving average. Resistance is at $11.38 which is the 10-day moving average.
March Kansas City wheat – Support is at $5.19 1/2 which is the November 21st low. Resistance comes in at $5.34 1/2 which is the 100-day moving average.
Where do we go from Here:
March corn futures failed to hold above the 200-day moving average yesterday again. Since July, March corn futures have closed above the 200-day moving average only 3 times and failed to hold it for 2 days in a row. March corn futures are back trading above the 200-day moving average so we will see if we can hold it today. The Fed cut interest rates by 25 basis points and that is adding pressure to the U.S. Dollar, making U.S. corn cheaper. Strong demand and the U.S. corn being the cheapest corn in the World, corn should be well supported but with the U.S coming off a record crop, we continue to see some selling as we approach $4.50 on the March contract. I continue to look for corn the trade between $4.40 and $4.50 with a higher bias if we breakout.
China was in buying U.S. soybeans yesterday. Rumors of 11 cargoes of U.S. beans getting sold yesterday helped bring soybean futures from trading lower to close out the day higher. January soybeans seem to be finding some support just above the gap area and at the old August 22nd high. USDA did not make any changes in the demand for U.S. soybeans, leaving ending stocks at 290 million is not bearish. However, when we look at World ending stocks, we have plenty. Weather in South America continues to be a non-event so rallies on soybeans will be limited in the near term.
March Kansas City wheat futures tested support down at $5.19 1/2 yesterday and they held. There is very little fresh news in the wheat complex to trade on, so we turn to the charts. March Kansas City wheat futures have been trading between $5.20 and $5.36 for the past month now. Eventually we will break out in either direction. A breakout to the downside would push futures back down close to $5.00 and a breakout to the upside would push futures up towards $5.50.
The post AgMarket.Net Early Morning Market Analysis 12/11/25 appeared first on AgMarket.Net®.
