December 17, 2025
At this hour:
🌽Corn market is up 1-2c,
🌱soybeans are down 0-1c,
🍞wheat is up 0-1c,
🛢️crude oil is up $1.25-$1.26,
💲US Dollar is up .38-.39
-Crude oil traded below $55.00 for the first time on over 4 years.
-January soybean futures filled the gap left from Oct. 24th.
-EPA announced it will finalize the biofuel mandates for 2026/27 in Q1 2026.
-Peace talks between Ukraine and Russia continue with some optimism a deal can be reached.
-1 oz of silver is now worth $10 more than a barrel of oil.
🐂🐻 Look for a mixed to higher trade today.
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 1/4 which is the 200-day moving average.
January soybeans – Support comes in at $10.54 1/2 which is the 200-day moving average. Resistance is at $10.86 1/4 which is the 10-day moving average.
July soybeans – Support is at $10.84 which is the 200-day moving average. Resistance is at $11.16 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 $5.20 1/4 which is the 10-day moving average.
Where do we go from Here:
Corn futures this week have been drug lower by wheat and soybean prices. Peace talks between Ukraine and Russia are making progress and if sanctions are lifted on Russia, that in turn will put pressure on wheat and energy prices, thus causing soybean oil and wheat futures to push lower. March corn futures dipped below the 100-day moving average for the first time since November 24th but are back trading above it this morning. Corn futures should find good support under $4.40 March futures as demand for U.S. corn is still very strong and cheaper prices will just create more demand.
January soybean futures finally filled the gap we had in place since October 24th at $10.63. Now that the gap is filled, I would expect futures to consolidate a bit here and trend sideways. The Funds have reduced a portion of their huge, long position they built post-harvest as Fund managers lighten up their positions going into year end. Crude oil is trading at 4+ year lows and that is weighing on the soybean oil market as January soybean oil futures are trading below $50 at $48.15, the lowest level since June 13th. If this gap area around $10.60 on the January contract can hold, we would look for a potential trade back up towards the $11.00 area if/when we can get some fresh bullish new in the market. For now, I would look for January soybeans to trade between $10.50 and $10.70.
Wheat futures continue to see some pressure. Peace talks between Ukraine and Russia look optimistic and that could mean some cheaper wheat out of the Black Sea region. March Kansas City futures are holding support at $5.03 1/4. Major support for March Kansas City futures is $4.98 3/4, and if that level is taken out, we would see new contract lows, and they could slip down to $4.77.
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