Morning Ag Futures Technical Analysis

This Morning Ag Futures Technical Analysis covers the latest action in corn, soybeans, and wheat. Corn is trading under pressure near 370’0, soybeans are holding gains above 1039’6, and wheat remains heavy below 507’2 resistance. For a deeper look at risk management, see our commodity hedging strategies.

Corn – ZCU25 (Sep)

Price is basing just above 370’0 after the sharp break on Aug 12. Intraday prints on the chart show O/H/L/C ≈ 370’0 / 370’2 / 369’6 / 370’0. The immediate cap remains the labeled line at 374’0.

• Resistance: 374’0 (need a close above to relieve pressure)
• Support: 370’0 → 369’6 (break exposes the recent spike low)
• Bias: Neutral-to-soft while below 374’0; chop within 369’6–374’0 range.

Soybeans – ZSX25 (Nov)

After the gap-and-run, futures are consolidating beneath the marked band at 1044’2. Today’s header reads O/H/L/C ≈ 1038’2 / 1040’0 / 1038’2 / 1039’6, which is also the orange pivot line on the chart.

• Resistance: 1044’2 first; above that, recent swing highs in the ~1048’0–1050’0 zone
• Support: 1039’6 pivot; loss of pivot would open a fade toward the next lower grid line
• Bias: Constructive while holding 1039’6; momentum improves on acceptance above 1044’2.

Wheat – ZWU25 (Sep)

Trend remains lower with price hovering near 503’6 (O/H/L/C ≈ 503’6 / 504’0 / 503’4 / 503’6). Overhead sellers are defined by the two orange lines at 507’2–508’0.

• Resistance: 507’2–508’0 band (acceptance above would neutralize the short-term downtrend)
• Support: 503’4 intraday low; then the 502’0 grid area
• Bias: Heavy below 507’2; expect fades to be sold until that band is reclaimed.