November 25, 2025
At this hour:
🌽Corn market is up 1-2c,
🌱soybeans are up 3-4c,
🍞wheat is up 2-3c,
🛢️crude oil is down $0.18-$0.19,
💲US Dollar is down .05-.06
-China purchased another 123,000MT of soybeans from the U.S. They have bought a little over 16% of the 12MMT they have agreed to buy.
-Live cattle and feeder cattle will have expanded limits today. Live cattle limit is $10.75/cwt and feeder cattle limit is $13.75/cwt.
-Tyson Foods is closing a 5,000 head been packing plant in Lexington, NE.
-Brazil has received some much-needed rain and the 2-week forecast looks good. Argentina on the other had continues to stay dry and could cause some concern for crop growth.
-Export inspections yesterday were down from last week and disappointing on soybeans. Corn was at the upper end of estimates and wheat was above expectations.
🐂🐻 Look for higher trade here today.
Support/Resistance:
December corn – Support on December corn is at $4.19 1/2 which is the 100-day moving average. Resistance is at $4.42 3/4 which is the high form November 14th.
July corn – Support comes in at $4.48 1/4 which is the November 21st low. Resistance comes in at $4.70 1/4 which is the high from November 14th.
January soybeans – Support comes in at $11.13 1/4 which is the November 21st low. Resistance is at $11.69 1/2 which is the high from November 18, 2025.
July soybeans – Support is at $11.39 3/4 which is the November 21st low. Resistance is at $11.81 1/2 which is the high from November 18, 2025.
December Kansas City wheat – Support is at $5.08 which is the 50-day moving average. Resistance comes in at $5.40 which is the high from November 5th.
Where do we go from Here:
Corn futures are finally working on a higher trade here today. Yesterday’s low at $4.22 1/4 is right at the 62% retracement back down from the $4.09 1/4 to $4.42 3/4 rally we saw from mid-October until mid-November. We also saw a lot of consolidated trade on the December corn contract around the $4.20-$4.25 area. With corn holding good support yesterday, as we look ahead where the corn market could head to, we would need to look back at the $4.35-$4.40 area on the December contract. Demand remains very strong for U.S. corn so breaks should continue to be well supported.
China was back in buying some more U.S. soybeans yesterday. So far, they have bought a little over 16% of their expected 12 MMT of U.S. soybeans. Now, we will likely get them to purchase these soybeans, but the delivery of the soybeans will probably after January 1, 2026. Then during the 2026 calendar year, China is supposed to buy up to 25 MMT of soybeans, which is back to what they typically buy from the U.S. Weather in South America is a mixed bag. Brazil is sitting very good, but Argentina is on the dry side and looks to stay that way. Argentina is a huge exporter of soybean meal so keep a close eye on their weather going forward. January soybeans seem to be consolidating between $11.10 and $11.30.
Wheat futures are a couple cents higher here today after being down 3-4 cents yesterday. Overall, wheat looks to be consolidating right at support. Weekly export inspections were strong yesterday and as long as we hold support, I would expect wheat futures to head back up and test their recent highs shortly.
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