Trade ideas roundup of select Agri commodities

Barchart·12/09/2025 14:49:49

語音播報

Wheat

The wheat market showed mixed movement after a USDA report with minimal changes for the US; Chicago SRW futures were steady to slightly lower, KC HRW saw small gains in front months, and MPLS spring wheat was stable. The US balance sheet held at 901 million bushels, with minor adjustments between wheat classes. Global stocks rose by 3.44 MMT, driven by increased production mainly from Canada, Australia, Argentina, the EU, and Russia. Kansas winter wheat ratings improved, and EU soft wheat exports lagged last year’s pace. COCERAL projects a 3.6 MMT decline in the EU and UK wheat crop for 2026. Argentina reduced wheat export taxes to 7.5%.

Short term resistance: 539.50~541.75

Potential profit target: 528.25

Downloadable chart: https://tradeguidance.com/newsletters/wheat-dec-25/

Corn

Corn futures rose 3 to 5 cents Tuesday after a USDA report showed US ending stocks down 125 mbu to 2.029 billion bushels, driven by increased exports. The national average cash price climbed to $4.03 3/4. World ending stocks for 2025/26 dropped by 2.19 MMT to 279.15 MMT, with notable changes including higher carryover in Argentina and a 3 MMT cut to Ukraine output. South Korean purchases amounted to 132,000 MT of corn from undisclosed origins. Brazilian corn exports for December are estimated at 6.3 MMT, up from last week and last year. Argentina reduced its corn export tax by 1 point to 8.5%.

Short term support: 438.25~443.25

Potential profit target: 456.50

Downloadable chart: https://tradeguidance.com/newsletters/corn-dec-25/

Soybeans

Soybeans fell 5-6 cents in front months midday Tuesday. National average cash soybean price dropped to $10.18¼. Soymeal and soy oil futures also declined. The US WASDE numbers remained unchanged, while world stocks rose slightly to 122.37 MMT. Brazilian December soybean exports are projected at 3.33 MMT, well above last year’s figure. Argentina lowered soybean export taxes to 24%, with processed product taxes dropping to 22.5%.

Short term resistance: 1098.75~1102.75

Potential profit target: 1079.00

Downloadable chart: https://tradeguidance.com/newsletters/soybeans-dec-25/

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.