📈 Morning Grain Futures Technical Update – July 15, 2025
Early morning price action reveals a mix of consolidation, breakdowns, and failed breakout attempts across major grain contracts. Here’s a structured technical outlook for Corn, Soybeans, and Wheat heading into the July 15 session.
🌽 Corn Futures Overview (ZCZ25 + ZCU25)
📊 December 2025 Corn (ZCZ25)
- Last Price: 415-2 Change: +1-0 (+0.24%)
- Support: 412-0
- Resistance: 418-4 (double top level)
- Trend: Neutral → Slightly Bearish
ZCZ25 posted a weak rejection from the 418-4 level after testing it twice, confirming short-term resistance. Price remains within a sideways range but lacks momentum. A breakdown below 412 could open the door to 410 or lower. Bulls need a decisive close above 418-4 to resume upward movement.
📊 September 2025 Corn (ZCU25)
- Last Price: 397-4 Change: +1-4 (+0.38%)
- Support: 395-0
- Resistance: 400-0
- Trend: Neutral → Slightly Bullish
ZCU25 has bounced off 395-0 support multiple times and continues to respect that level. Bulls attempted a breakout above 400-0 but failed to hold it. Price action suggests accumulation, but 400 remains the critical barrier. Holding above 396 keeps the short-term bias constructive.
🫘 November 2025 Soybeans (ZSX25)
- Last Price: 1005-2 Change: +1-6 (+0.17%)
- Support: 1002-0
- Resistance: 1007-4
- Trend: Neutral / Range-Bound
ZSX25 continues to coil in a narrow 6-cent range between 1002 and 1008. Buyers defended the drop below 1000 on July 13, but upside follow-through has been weak. A breakout above 1007-4 could invite short-covering up to the 1014–1016 zone. Until then, this remains a sideways chop.
🌾 September 2025 Wheat (ZWU25)
- Last Price: 538-0 Change: 0-0 (-0.09%)
- Support: 536-0 (currently testing)
- Resistance: 541-4
- Trend: Bearish
ZWU25 broke down from its rounded top formed near 558 last week and has been unable to regain upside traction. The trend is decisively lower with a clear pattern of lower highs and lower lows. Continued closes under 540 leave the door open to test 530 next. Bulls must reclaim 541-4 to even consider a bounce.
🧭 Summary Outlook
| Contract | Bias | Support | Resistance | Comment |
|---|---|---|---|---|
| ZCZ25 | Neutral → Bearish | 412-0 | 418-4 | Rejection from key resistance zone |
| ZCU25 | Neutral → Bullish | 395-0 | 400-0 | Support holding, upside probing 400 |
| ZSX25 | Neutral | 1002-0 | 1007-4 | Range-bound compression, breakout watch |
| ZWU25 | Bearish | 536-0 | 541-4 | Sellers dominant, momentum fading |
