March 25, 2026
At this hour:
🌽Corn market is down 2-3c,
🌱soybeans are up 3-4c,
🍞wheat is down 6-7c,
🛢️crude oil is down $4.87-$4.88,
💲US Dollar is down 13 points
-Talks between U.S. and Iran of a 1-month cease fire is putting pressure on energy prices here this morning.
-President Trump said yesterday that the U.S. is talking to the right people in Iran, and he says Iran is very much wanting to get a deal done.
-U.S. weather doesn’t look too threatening with the deep south ramping up planting.
-U.S. grain prices are separating themselves a bit from the energy markets are traders get into position ahead of the March 31st crop report.
-It is being floated around that the EPA may releases its decision on RVO’s before the big event at The White House on Friday.
🐂🐻 Look for a mixed trade today.
Support/Resistance:
May corn – Support on May corn is at $4.56 1/4 which is the 20-day moving average. Resistance is at $4.76 which is the high from March 9th.
December corn – Support comes in at $4.82 which is the 20-day moving average. Resistance comes in at $4.98 1/2 which is the high from March 9th.
May soybeans – Support comes in at $11.36 which is the 50-day moving average. Resistance is at $12.38 3/4 which is the high from March 12th.
November soybeans – Support is at $11.12 1/4 which is the 500-day moving average. Resistance is at $11.74 1/4 which is the high from March 12th.
May Kansas City wheat – Support is at $5.71 1/4 which is the 50-day moving average. Resistance comes in at $6.47 1/2 which is the high from March 9th.
Where do we go from Here:
Corn prices are 2-3 cents lower to start out your Wednesday trade. The ware between the U.S. and Iran seems to be de-escalating causing energy prices to come under a lot of pressure. Grain prices seem to be more focused on the upcoming USDA report out next Tuesday at 11:00 am CT. Demand remains strong for U.S. corn and the Funds should be there to support the market on breaks. Yes, we will get the prospective plantings report out next Tuesday but keep in mind, those are prospective plantings and they can and will likely change. The U.S. is off to an early start to the planting season and typically that has a tendency to lead to more corn acres. Now with new crop soybean futures well above $11.00, that may not be true this year. I look for corn to continue to consolidate here going into the report on Tuesday March 31st.
Chatter in the marketplace is that we will likely get an EPA announcement on its 2026/27 biofuel blending mandates before the March 27 agriculture event at the White House. It is feeling now that the targets may not be altered and we will stay on the current trajectory. Traders are focused on the March 31st report which should give us an increase in soybeans plantings and a grain stock report that could be pretty neutral. I doubt we will see it in this report but eventually we will likely see the USDA lower their export estimates. President Trump and President Xi are likely going to meet mid-May so until that happens, it is highly doubtful China buys any soybeans from the U.S. Look for soybean futures to consolidate with May futures trading between $11.50 to $11.75.
There are a few small chances of rain popping up in the forecast for the southern plains with more rain coming in the long-range forecast. Wheat futures seem to be breaking down a bit with May Kansas City futures breaking below the $6.00 level here this morning. The U.S. Dollar remains elevated at over 99, continuing to make U.S. wheat expensive on the World front. Look for wheat futures to follow the corn market for now.
