Grain Markets Technical Analysis — August 12, 2025

Mixed board. Corn trades under a broken pivot, August beans hold a breakout, November beans compress beneath last week’s spike, and Chicago wheat trends lower beneath its pivot. Contract-by-contract levels and triggers are below.

Corn — ZCU25

Last on chart: 381-4. Price rejected the 385-4 pivot after the Aug 10 pop and is tracking the lower band.

• Resistance: 383-6 → 385-4 (failed pivot).
• Support: 381-0 → 380-0; next shelf ~378-0.
• Trigger: Reclaim/hold above 385-4 to neutralize; a break under 380-0 risks 378-0.
• Bias: Bearish while below 385-4.

Soybeans — ZSQ25 (August)

Last on chart: 990-6. Breakout holds above the former cap around 966-6, with price operating in the 988–992 area.

• Support: 986-0 / 984-0; deeper retest 972-0 → 966-6.
• Resistance: 992-0 → 994-0.
• Trigger: Hold ≥ 984-0 to keep the breakout structure; close back under 972-0 would negate it.
• Bias: Constructive while above 984-0.

Soybeans — ZSX25 (November)

Last on chart: 998-4. The Aug 10 run stalled near the orange band at 1,011-2. Price is compressing just below 1,000 with clear decision levels.

• Support: 998-0 → 996-0; below that 992-0.
• Resistance: 1,004-0 / 1,006-0 → key 1,011-2.
• Trigger: Close > 1,006 revives a run at 1,011-2; loss of 996 shifts risk to 992-0.
• Bias: Neutral while contained inside 996–1,006.

Chicago Wheat — ZWU25

Last on chart: 509-2. Repeated failure at the 515-0 pivot kept pressure on the tape; price is probing the 509–508 area.

• Resistance: 511-0 / 513-0 → 515-0.
• Support: 508-0 → 506-0; break opens ~503-0.
• Trigger: Only a sustained reclaim of 515-0 would blunt the downside.
• Bias: Bearish below 515-0.

Key Levels Summary