DTN Midday Grain Comments     02/25 10:46

   Corn Futures Lower at Midday Wednesday; Soybeans Higher; Wheat Mixed

   Corn futures are 1 to 2 cents lower at midday Wednesday; soybean futures are 
6 to 7 cents higher; wheat futures are narrowly mixed. 

David M. Fiala
DTN Contributing Analyst

MARKET SUMMARY:

   Corn futures are 1 to 2 cents lower at midday Wednesday; soybean futures are 
6 to 7 cents higher; wheat futures are narrowly mixed. The U.S. stock market is 
firmer at midday with the S&P 40 points higher. The U.S. Dollar Index is 7 
points higher. The interest rate products are mixed. Energy trade is flat with 
crude off .20 and natural gas is off .01. Livestock trade is firmer with hogs 
leading. Precious metals are mixed with gold 60.00 lower.

CORN:

   Corn futures are narrowly mixed overnight with trade touching resistance 
again before fading as the recent range remains intact. Outside markets have 
energies firmer, metals firmer, and the dollar flat. Weekly ethanol production 
is expected to hold the upper end of the range with stocks a bit bigger. Basis 
will likely see little near-term change into March delivery. New-crop price 
ratios have stabilized more in recent days. On the March chart, resistance is 
the 20-day moving average at $4.29, which we faded back from, with support the 
lower Bollinger Band at $4.24.

SOYBEANS:

   Soybean futures are flat to a penny higher with trade again fading from 
another fresh high edged to overnight. Meal is 1.00 to 2.00 higher and oil is 
10 to 20 points lower. Brazil harvest will roll along with the north slowed a 
little with rains and little change in Argentina. Basis will likely remain flat 
as shipping slowed a bit. On the March chart, support is $11.12, where we find 
the 20-day moving average, with the fresh high at $11.49 as resistance.

WHEAT:

   Wheat futures are 1 to 4 cents lower with trade fading a little further off 
the upper end of the range with little fresh news to encourage buyers as we 
consolidate the recent gains. Weather for the Plains looks to stay warmer after 
the brief cool down with better moisture for the north into March. Matif wheat 
is lightly weaker to start as well. On the KC March chart, support is the 
20-day moving average at $5.44, which we bounced from, with resistance the 
fresh high at $5.78 1/2.

   David Fiala can be reached at dfiala@futuresone.com

   Follow him on social platform X @davidfiala




(c) Copyright 2026 DTN, LLC. All rights reserved.