January 14, 2026
At this hour:
🌽Corn market is up 2-3c,
🌱soybeans are up 5-6c,
🍞wheat is down 0-1c,
🛢️crude oil is up $0.88-$0.89,
💲US Dollar is down 47-48 points
-Lower corn prices are increasing corn sales. Rumors of Japan and South Korea buying some corn from the U.S. are supporting the futures.
-March soybeans sold off yesterday but found support at the January 2nd low.
Safrinha corn crop in Brazil has started to get planted. Typically, they want that planted by Feb 20th.
-January soybean futures will go off the board at noon today.
-We might get an announcement this week regarding the Trump tariffs.
🐂🐻 Look for a higher trade today in the corn and soybean complexes.
Support/Resistance:
March corn – Support on March corn is at $4.10 which is the August 12th low. Resistance is at $4.25 1/2 which is the October 14th low.
July corn – Support comes in at $4.28 1/2 which is the August 12th low. Resistance comes in at $4.41 1/2 which is the October 14th low.
March soybeans – Support comes in at $10.38 which is the low from January 2nd. Resistance is at $10.60 which is the 20-day moving average.
July soybeans – Support is at $10.64 3/4 which is the low from January 2nd. Resistance is at $10.84 which is the 20-day moving average.
March Kansas City wheat – Support is at $5.08 1/4 which is the January 2nd low. Resistance comes in at $5.36 which is the high from December 26th.
Where do we go from Here:
Corn futures are getting a little boost here this morning. The recent drop in prices is stirring up some corn demand to South Korea and Japan. 2 days removed from the January Crop Production report traders should have most, if not all their positions squared away. Moving forward, corn is going to be tough to rally. Combination of U.S. and World ending stocks both increasing should keep a lid on any rallies in the near term. It will take a major weather event either on the safrinha corn crop (which is just getting planted) or the U.S. corn crop this upcoming season. For now, I think corn has found support and probably due for a small bounce back up.
Soybean futures lead the markets lower yesterday. Nothing new developed but rather a delayed reaction to a negative report from Monday. Mondy’s action seemed to be mostly centered around corn, however the soybean report numbers were also negative. Harvest is slowly picking up steam in Brazil and things point to a record soybean crop in Brazil. Question will be is just how big will their crop be? China bought a few more soybeans from the U.S. this week and it is rumored they have purchased up to 11.5 MMT of the 12 MMT they agreed to purchase. Once they fulfill this obligation, I would look for China to switch over and start buying soybeans out of South America before coming back to buy soybeans from the U.S. later this fall. Much like corn, rallies in soybeans will be limited.
The wheat complex had the least bearish report on Monday and have held up better. Not a lot of fresh news for the wheat complex so wheat is going to be a follower. March Kansas City wheat continues to consolidate between $5.00 and $5.36. I don’t see that range changing anytime soon. It will take some adverse weather in the southern wheat plains to get wheat moving much higher than the $5.36 area we are struggling with.
The post AgMarket.Net Early Morning Market Analysis 1/14/26 appeared first on AgMarket.Net®.
