🌾 Morning Ag Futures Technical Outlook – July 10, 2025
Markets are attempting to stabilize this morning after a multi-day selloff. Volume remains light, but certain wheat contracts are starting to show signs of early strength. Here’s how major grain and wheat contracts are setting up on the charts:
December Corn (ZCZ25)
December corn is still hugging the lower edge of its recent range. After bottoming at 415, prices are attempting to recover but face resistance near 420–422. The downtrend remains intact unless bulls can close above 425. Continued consolidation in this area may offer a short-term base, but a breakdown under 412.5 would reopen downside risk.
September Corn (ZCU25)
ZCU25 remains weak after breaking below 405 earlier this week. It’s now hovering near $3.99, but momentum is lacking. The contract needs a decisive close back above 404 to suggest any sort of reversal. Below 395, the next major support doesn’t appear until the 385–388 zone.
November Soybeans (ZSX25)
November soybeans traded in a tight range overnight, posting an inside day after several sessions of selling pressure. The contract held above key short-term support at 1007-4 and settled at 1009-2. While this bounce prevents a breakdown, bulls haven’t taken back control yet. A close above the 1012–1014 resistance zone would be needed to confirm any reversal attempt. A break below 1007 could send price back toward 1000 even.
Chicago Wheat (ZWU25)
ZWU25 is pushing off support at 547 with a small breakout into the mid-550s. This marks the first time in several sessions that buyers have taken back control. A close above 557 would open up a move toward 565–570. Bulls now need to defend the 547 breakout zone to avoid a failed reversal.
Minneapolis Spring Wheat (MWU25)
Spring wheat is leading the wheat complex this morning, breaking above 6.39 after a solid bounce from 6.31. This contract is showing the clearest momentum of the group. If buyers can hold above 6.40, the next test lies in the 6.47–6.52 range. A close above 6.50 would mark a bullish short-term trend shift.
Summary
Wheat contracts are firming up after a period of heavy selling, with spring wheat and Chicago wheat showing the strongest recovery attempts. Corn and soybeans are stabilizing near major support levels, but have yet to confirm reversals. Traders should watch for confirmation via volume and closes through resistance to validate today’s early strength.
