West Central Ag Grain Comments 12/17/25 9:47:05 AM
12-17-25
- Good morning. Outside markets are seeing some turn-around-Wednesday action to start the day this morning, with buying seen across most of the equity and energy markets following lower closes across the board on Tuesday. The rebound has, for the most part, been unable to enter the ag space though, with all three of the corn, beans and wheat again near unchanged and in light volume, much like has been the case to start the previous two sessions. Yesterday's downward move in the ag's left corn and soybean futures pretty much right on major chart-based support levels, which makes these areas important for today's session; should they hold, a small corrective bounce could unfold the next couple days amid what have become oversold conditions technically, but if they don't, it likely becomes look out below with corn having room to quickly run another 10-15 cents, while the beans could fall back to the lower $10 range without much trouble. To start Wednesday morning, corn futures are trading unchanged to a penny higher, soybean futures are trading unchanged to a penny lower, and the Chicago wheat market is trading 1-2 cents lower. Products are again mixed, soybean meal is up around $1/ton and soybean oil is down around 30 points. Outside markets are mostly in the green, crude oil futures are up $1.10-1.20/bbl, the Dow Jones index is up 120 points, and the US$ index is up 30-40 points; the S&P500 is up 20 points and the NASDAQ is up 80 points
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