November 13, 2025
At this hour:
🌽Corn market is down 1-2c,
🌱soybeans are up 4-5c,
🍞wheat is down 3-4c,
🛢️crude oil is up 45c,
💲US Dollar is down .17
🎓Trivia for Today: What do you think the WASDE will show for yield for corn and soybeans? Will the reaction be positive or negative on the closing prices?
Reply to jburks@agmarket.net with your answer. (Closest will win some AgMarket.net Swag)
– The trade remains blind without fresh export sales news and commitment of trader’s information.
– Soybeans higher on short covering and technical interest. Still now real confirmation of Chinese business
– Safras e Mercado now has Brazil’s 2025/26 corn crop at 143.6 million tons, 1.1 million more than the previous guess.
– US Senate passed a funding bill to reopen the govt. US House bill to end shutdown secures enough votes to pass; voting continues
– Heating oil (diesel) gave up all the gains from Tuesday; Gold and Silver were up big on Wednesday.
– PRF Sales deadline is December 1st. AgMarket Insurance Services is now serving our customer with MPCI, LRP, DRP, and PRF.
🐂🐻 Relative to what we’ve seen over the last several sessions in the Feeder Cattle and Live Cattle contracts yesterday’s action was simply boring. Limits were expanded in yesterday’s session after being limit up on Monday. I guess everybody needs a break ever now and then. 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 $4.28 3/4 which is the 20-day moving average. Tested the resistance is at $4.36 which is the 200-day moving average.
July corn – Support comes in at $4.52 which is the 50-day moving average. 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 $5.07 which is the 50-day moving average. Resistance comes in at $5.40 which is the high from November 5th.
Click Here to check out our Technical Video from Wednesday with Brian Splitt
Where do we go from Here:
Corn will start the day lower. Not much follow through from yesterday’s session, corn is down but only had a 1 1/4 cent range overnight. Corn has traded with resiliency this week. December corn climbed up the 20-day moving average in every session and to put itself in the perfect spot to break through the long-term resistance from the 200-day moving average. There will need to be some fundamental help on Friday. Matt and I recorded our thoughts on the upcoming WASDE report. Click here to view
Soybeans are off to a great start this morning. All contracts have broken through the short-term resistance at last week’s highs. If you have heard Brian Splitt talk about the soybean you have probably heard his analogy regarding the lack of time soybeans stay around the $11 mark. If this technical support wasn’t looming around, I believe you would be hearing a lot of discussion about aggressive selling. It will be interesting to see what happens when November goes off the board on Friday and what the Market will do with the continuous weekly chart showing an Island bottom?
Wheat futures are lower this morning. When you don’t hear a lot about wheat it’s usually because there’s not many problems. That is where we are at now. We are not getting conditions reports but for the most part it is assumed that planting winter wheat is wrapping up and dormancy is coming in the north with the colder temperatures that we have had. We will continue to watch Argentina and Australia as wheat harvest begins and weather conditions in Russia, Ukraine and the EU as planting commences.
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