December 15, 2025
At this hour:
🌽Corn market is down 0-1c,
🌱soybeans are up 0-1c,
🍞wheat is down 3-4c,
🛢️crude oil is down $0.05-$0.06,
💲US Dollar is down .11-.12
-U.S. Dollar is trading at its lowest level in the past 2 months.
-China continues to buy more soybeans from the U.S. getting them closer to purchasing the 12 MMT they agreed to purchase.
-China reports it hit a new record for corn production this year, 1.2% higher than 2024.
-January soybean futures are still about 10c away from filling the gap left from October 24th.
🐂🐻 Look for a mixed to lower trade to start out the week.
Support/Resistance:
March corn – Support on March corn is at $4.37 which is the 100-day moving average. Resistance is at $4.46 1/2 which is the 200-day moving average.
July corn – Support comes in at $4.52 1/4 which is the 100-day moving average. Resistance comes in at $4.61 1/2 which is the 200-day moving average.
January soybeans – Support comes in at $10.68 1/2 which is the 100-day moving average. Resistance is at $10.98 1/2 which is the 10-day moving average.
July soybeans – Support is at $11.03 which is the 100-day moving average. Resistance is at $11.27 which is the 10-day moving average.
March Kansas City wheat – Support is at $5.03 1/4 which is the October 21st low. Resistance comes in at $5.26 which is the 10-day moving average.
Where do we go from Here:
Corn futures are starting out the week very quiet. Late last week corn broke through some light support in the $4.42-$4.43 on the heel of soybean market pushing lower but March corn seems to be holding support at the $4.40 level. China reports their corn crop come in 1.2% larger than 2024 and is a new record for them. This will likely mean they will import a little less corn but not anything to surprising. March corn futures still look to trend in the $4.35 to $4.50 area.
China was active last week buying soybeans from the U.S. As China buys soybeans from the U.S., we see China put up more of their soybean reserves for auction. China is simply rotating their reserve stocks at this time. January soybeans ended the week on a lot of pressure as we continue to see the market sell the fact of China buying U.S. soybeans and we still do not have any clear picture what the 45Z program in the U.S. might entail. With market uncertainty, the easiest path is lower. January soybeans are about 10c away from filling the gap left from October 24th. Once this gap gets filled, I would look for January soybeans to consolidate for a bit.
March Kansas City wheat futures are breaking down this morning. Not much for new news but the trend has been lower and now taking out support it looks and feels like March Kansas City futures are headed to test support at $5.00.
We’re here to help. Call any of our hedging strategists at 844-4AG-MRKT.
