Morning Focus Ag Futures

Morning Ag Futures Technical Recap – June 11, 2025

Grain markets are trading firmer on Wednesday after a strong showing Tuesday, led by a breakout in corn and supportive strength in soybeans. Wheat contracts, while still technically pressured, are showing signs of basing as volume builds into support. Momentum remains with the bulls in corn and beans, while wheat tries to carve out a short-term low.

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📉 Technical Analysis – July Corn (ZCN25)

• Reversal Confirmed: Prices exploded off the 428 level with strong follow-through Tuesday.
• Breakout Area: Resistance at 440–442 was decisively cleared overnight.
• Momentum: Higher highs and expanding volume confirm bullish continuation.
• Bias: Short-term bullish targeting 448–450 next.

📉 Technical Analysis – KC Wheat (KWN25)

• Support Retest: Price held 611 and rebounded into the mid-617s overnight.
• Resistance: Still heavy at 620–625; multiple failed tests cap upside.
• Setup: Early hammer pattern forming, but trend remains neutral until a close above 625.
• Bias: Cautiously constructive if support at 613 continues to hold.

📉 Technical Analysis – Spring Wheat (MWN25)

• Recovery Effort: Solid bounce off 609 lows; currently trading near 617.
• Resistance: Heavy near 620–622 with sellers showing up early Wednesday.
• Volume: Improved buying interest into the low has stabilized price action.
• Bias: Neutral to bullish, breakout confirmation needed above 622.

📉 Technical Analysis – Chicago Wheat (ZWN25)

• Still Lagging: ZWN25 remains in a technical downtrend despite modest bounce.
• Support Zone: Buyers defended the 531 level with a mild bounce to 537.
• Resistance: 540 remains a key barrier — needs a break to shift tone.
• Bias: Still bearish until bulls reclaim 540–543 zone.

📉 Technical Analysis – July Soybeans (ZSN25)

• Stability: Support near 1056 held firm Tuesday with steady upside bias into Wednesday.
• Range: Prices continue to coil between 1056–1062 with lower volatility.
• Setup: A bullish breakout above 1064 could spark momentum buying.
• Bias: Neutral-to-bullish breakout watch.

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Disclaimer: This material is provided for informational purposes only and does not constitute trading advice. Futures and options involve substantial risk and are not suitable for all investors. Past performance is not indicative of future results. All analysis is based on publicly available data and is subject to change.