September 19, 2025
At this hour:
🌽Corn market is up 1-2c,
🌱soybeans are up 4-5c,
🍞wheat is up 0-1c,
🛢️crude oil is down 54-55c,
💲US Dollar is up 22-23 points.
-President Trump and President are scheduled to hold a phone call this morning at 8:00 am CDT.
-Corn yields continue to be variable across the U.S. while soybeans seem to be holding up better.
-Weekly export sales were strong again this week. The lower prices continue to support strong demand for U.S. grains.
-Warmer temperatures look to continue through the end of the month while precipitation looks to be slightly above normal for most of the U.S.
🐂🐻Look for a choppy to higher trade to finish out the week.
Support/Resistance:
December corn – Support on December corn is at $4.19 1/4 which is the 20-day moving average. Resistance is at $4.32 3/4 which is a gap we left from July 7th.
July corn – Support comes in at $4.53 1/4 which is the 20-day moving average. Resistance comes in at $4.67 which is the 200-day moving average.
November soybeans – Support comes in at $10.27 3/4 which is the 200-day moving average. Resistance is at $10.62 3/4 which is the high from August 22nd.
July soybeans – Support is at $10.64 which is the 200-day moving average. Resistance is at $11.13 1/2 which is the high from June 20th.
December Kansas City wheat – Initial support is at $5.01 3/4 which is the low from September 4th. Resistance comes in at $5.13 1/2 which is the 20-day moving average.
Where do we go from Here:
It will be another busy weekend for corn harvest across the U.S. Corn prices are a bit higher this morning. Not a lot of news out there to trade on. Traders are still gathering yields from across the U.S. as harvest pushes forward and so far, the yields seem to be disappointing. Demand continues to stay strong, and it should as long as the prices trend sideways. We still have to deal with a massive crop here this fall so that seems to keep a lid on prices.
President Trump and President Xi of China are scheduled to hold a phone call this morning at 8 am CDT. Although there is not expected to be any major announcements regarding a trade deal, just the idea of them 2 on a phone call is enough optimism to push soybean prices a little higher here this morning. China annually purchases over 350 million bushels of soybeans from the U.S. so a trade deal with China would stand to push soybean prices higher.
Just when we think wheat futures are ready to stabilize and work their way higher, they break down below the 20-day moving average and look to test recent lows. The U.S. Dollar is trading off their recent lows but still below 98. Demand is steady so look for prices to test recent support and grind sideways.
Upcoming USDA Reports:
September 19, 2025 – Cattle on Feed
September 22, 2025 – Weekly Crop Progress
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