November 11, 2025
At this hour:
🌽Corn market is mixed,
🌱soybeans are down 3-4c,
🍞wheat is mixed
🛢️crude oil is up 40c,
💲US Dollar is flat. Gold and Silver up,
🎓Trivia for Today: We are looking forward to our Farm for Profit, not Price Conference. Who are you looking forward to seeing the most in Nashville? What’s your favorite Nashville joint?
Reply to jburks@agmarket.net with your answer.
Thanks for the replies Friday: October 2025 was the first time the report was actually canceled was the answer for Friday’s Question.
-The double-digit soybean campaign still in full force on Monday. Beans closed up 14.25 in Nov.
-Biggest news for Monday is the anticipation of the Govt reopening, a process that could take several days.
-Monday felt like a risk on kind of day. A lot of optimism from the govt back to work and spending money, from $2000 dividends to bonuses to Traffic controllers.
-Gold up big, $11.2, Silver up big, 2.168, All metals higher, All energy higher, cattle, grains, stock indexes higher.
-PRF Sales deadline is December 1st. AgMarket Insurance Services is now serving our customer with MPCI, LRP, DRP, and PRF.
🐂🐻No Bovine trading for half of the day as they were limit locked and went that way into the close. There will be expanded limits for tomorrow’s trade in the feeder cattle and live cattle futures. Firey words from the Trump tweet on Friday had traders guessing how the market would take that kind of threat. It feels like the leverage is back into the cattleman’s hands now. TRADE WITH CAUTION.
Click here to take a look at our Fundamental video from Monday
Support/Resistance:
December corn – Support on December corn is at $4.25 3/4 which is the 20-day moving average. Couldn’t trade through the 10 dma. Resistance is at $4.36 which is the 200-day moving average.
July corn – Support comes in at $4.54 3/4 which is the 50-day moving average. Closed below the 10 dma. Resistance comes in at $4.65 which is the 200-day moving average.
January soybeans – Support comes in at $10.63 which is the bottom side of the gap left on October 24th. Short-term support held at $11.15 the 10 dma. Resistance is at $11.37 which is the high from November 4, 2025.
July soybeans – Support is at $10.94 3/4 which is the 50-day moving average. The 10 dma at $11.375 held so far. Resistance is at $11.59 which is the high from November 4, 2025.
December Kansas City wheat – Support is at $5.06 1/2 which is the 50-day moving average. Resistance comes in at $5.58 3/4 which is the high from July 22nd.
Click Here to check out our Technical Video from Wednesday with Brian Splitt
Where do we go from Here:
Corn is starting the day without much direction. Ag great start to the week for the bulls, grains opened higher on Sunday night and stayed higher though the close. The technical resistance felt a little heavy and we will probably have a hard time getting through without some fundamental news on Friday. We will be out with our pre-report video on Wednesday to discuss all the numbers we expect to see changing.
Soybean futures are off to a great start, double digits higher already. There are bullish rallies throughout history that seem to gain steam even when you don’t think they have the fundamental gas in the tank, and this bean push feels like one of them. If you have listened to Brian’s technical videos you know what I’m talking about. We don’t spend a lot of time at $11, either above it or below, it seems like a transitionary spot. We have some good ideas on how to position yourself if this transition acts like ones we’ve seen in the past.
Wheat futures are flat this morning. Export inspections for last week were strong, we shipped about 12 m tons vs 10.17 last marketing year. Most are expecting an upward revision to wheat production in the upcoming WASDE on Friday. This is based off the Q1 stocks report on Sept. 30th.
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We’re here to help. Call any of our hedging strategists at 844-4AG-MRKT.
