October 13, 2025
At this hour:
🌽Corn market is up 0-1c,
🌱soybeans are up 2-3c,
🍞wheat is down 0-1c,
🛢️crude oil is up $1.10-$1.12,
💲US Dollar is up 13-13 points.
-Trade tensions between the U.S. and China last Friday have seemed to calm down a bit to start out the new week.
-President Trump says that he does not see a reason to meet with President Xi in South Korea later this month.
-December corn futures are stable here this morning but closed last Friday at the lowest level since late August.
-November soybeans help above key support of $10.00 last Friday. Harvest on soybeans in the U.S. should wrap up this week.
-Weather forecasts are still calling for above normal temps and normal precipitation for the next 3-4 weeks.
🐂🐻Look for a choppy to mixed trade today as we start out a new week of trading.
Support/Resistance:
December corn – Support on December corn is at $4.10 1/2 which is the low from October 1st. Resistance is at $4.22 1/2 which is the 100-day moving average.
July corn – Support comes in at $4.44 1/4 which is the low from October 1st. Resistance comes in at $4.55 1/2 which is the 100-day moving average.
November soybeans – Support comes in at $10.02 1/2 which is the October 10th low. Resistance is at $10.29 which is the 200-day moving average.
July soybeans – Support is at $10.59 which is the October 10th low. Resistance is at $10.83 1/4 which is the 50-day moving average.
December Kansas City wheat – Initial support is at $4.8 3/4 which is the low from October 10th. Resistance comes in at $5.01 1/4 which is the 20-day moving average.
Where do we go from Here:
Corn prices are stable here this morning. Last Friday President Trump sent out some comments on social media saying that he does not see any reason to meet up President Xi of China in South Korea later this month and that President Trump might increase some of the existing tariffs on Chinese goods imported into the U.S. This news shook the market and got the algorithms selling last Friday. Combine that news with harvest pressing on and going into a weekend, grain prices had a lot of pressure on them to close out last week. The outside markets like crude oil and the U.S. Stock markets are higher here today so I would look for grain prices to stabilize here to start out this week.
November soybeans held the $10.00 last Friday after all the selling pressure that developed. Harvest is quickly wrapping up, and I would expect by the end of this week there will be very few soybeans left to combine. Yields are still a mixed bag and will likely be lowered but with trade tensions between the U.S. and Chia flaring up, our demand for U.S. soybeans is overstated at this point. I still look for November soybeans to trend sideways between $10.00 and $10.30.
Wheat futures are following the corn and soybeans. The Funds continue to have a firm grip on the short side of the wheat complex and there is no reason for them to panic and get out. The U.S. Dollar is trading back above 99 so that makes U.S. wheat a bit uncompetitive in the World market. Until corn and/or soybeans turn higher, look for wheat to continue to grind lower.
Upcoming USDA Reports:
We are not expecting any USDA reports until the Government is back open.
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