October 6, 2025
At this hour:
🌽Corn market is up 0-1c,
🌱soybeans are up 2-3c,
🍞wheat is up 0-1c,
🛢️crude oil is up $1.09-$1.11,
💲US Dollar is up 72-73 points.
-The 6-10-day and 8-14-day weather forecasts are still calling for above normal temperatures and drier. The only precipitation is in the western corn belt.
-December corn futures are running into resistance at the 20-day and 100-day moving averages which come in around $4.22-$4.24.
-November soybean futures are running into resistance at the 100-day and 200-day moving average which both come in right at $10.28.
-Soybean harvest should be mostly wrapped up by the end of this week, and most farmers will get rolling on corn this week.
-Soybean yields still look to be pretty good across the U.S. and I would expect yields to hold within 0.5 bushel per acres from the last USDA projection.
-Corn yields are still variable, and I look for those yields to drop and could be closer to 183 bushels per acre compared to USDA estimate of 186.7 bushels per acre.
🐂🐻Look for a choppy/mixed trading day as we gear up for another big week of harvest across the U.S.
Support/Resistance:
December corn – Support on December corn is at $4.14 1/2 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 $4.48 3/4 which is the 50-day moving average. Resistance comes in at $4.56 3/4 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 100-day moving average.
July soybeans – Support is at $10.66 which is the 200-day moving average. Resistance is at $10.82 1/2 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 $5.07 1/4 which is the 20-day moving average.
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