Grain Markets Mixed: Wheat Holds Support, Corn Firms, Soybeans Flat
August 6, 2025 — The grain complex is seeing a mixed start to the week as corn attempts a mild recovery, wheat holds key chart support, and soybeans continue to chop sideways. Early morning trade reflects cautious positioning.
Wheat (ZWU25): Holding Near-Term Support
Wheat futures (ZWU25) are holding near 507 after bouncing off fresh lows near 506 overnight. While downward momentum remains intact, price has now stabilized above last week’s flush, creating a potential base for short-covering into midweek. Any close back above 512.0 could shift momentum back toward the 520 level. Until then, wheat remains vulnerable—but technical support is showing signs of holding.
Soybeans (ZSX25): Still Rangebound
November soybeans (ZSX25) continue to move sideways between 990 and 996 as traders await clearer direction. Resistance near 995–997 has capped rallies, while support at 990 remains intact for now. Volume remains light, suggesting a coiling market with potential for a breakout ahead of USDA updates.
Corn (ZCU25): Modest Rebound After Lows
December corn (ZCU25) traded as low as 379 overnight but has since bounced back to 384. This mild rebound marks the first firming action since last week’s selloff, though price remains well below former support at 390. Technical resistance now stands near 386.6 and again at 390. Bulls will want to see follow-through early this week to avoid further downside pressure into Friday.
