SOYBEANS–
Soybeans were sharply higher today, while soybeans meal had a near $7 gain. November beans are coming up against resistance at 1250. There were no flash sales of soybeans this morning.
November’26 Soybeans (ZSX26) settled at 1237.25 (+19.25), high of 1239.5, low of 1214. January ‘27 Soybeans (ZSF27) settled at 1250.75 (+19.25), high of 1253.5, low of 1228.75. Cash price is at 1207 (+1)
December Bean Meal (ZMU26) settled at 325.7 (+6.90) high of 326.1, low of 318.6
December Bean Oil (ZLK26) settled at 69.86 (+.23) high of 70.77, low of 69.05
Meal to Oil ratio (47.325% Meal – 52.675% Oil)
ZSX26 Moving Averages – (1193) 5-day, (1182) 20-day, (1166) 50-day, (1165) 100-day, (1135) 200-day
ZSF26 Moving Averages – (1223) 5-day, (1213) 20-day, (1194) 50-day, (1188) 100-day, (1151) 200-day
ZMZ26 Moving Averages – (318.7) 5-day, (320.2) 20-day, (314.5) 50-day, (315.4) 100-day, (317.7) 200-day
ZLZ26 Moving Averages – (69.55) 5-day, (68.86) 20-day, (68.77) 50-day, (69.34) 100-day, (61.36) 200-day
CORN –
December’26 Corn settled at 498.25 (+10.25) (ZCU26) high of 498.5, low of 486.25. March ’27 Corn (ZCZ26) settled at 513.75 (+9.75). Cash price is 475 (-1)
Corn was sharply higher with soybeans today. December corn is coming up against the psychological resistance level at 500 and then the previous high at 506 ½.
ZCZ26 Moving Averages – (486) 5-day, (474) 20-day, (460) 50-day, (471) 100-day, (468) 200-day
ZCH27 Moving Averages – (502) 5-day, (490) 20-day, (475) 50-day, (485) 100-day, (482) 200-day
WHEAT –
December Chicago Wheat (ZWU26) settled at 697.5 (+15.25), with a high of 700.25, low of 677.25. March ‘27 Wheat (ZWZ26) settled at 714 (+15). Chicago Wheat has a cash price of 622 (-10). December KC Wheat (KEZ26) settled at 774 (+15.50)
December wheat made a high at 700 ¼ this morning before giving up some of its gains. Uncertainty over Black Sea exports continues to support the market, in addition to dry weather in the Plains.
ZWZ26 Moving Averages – (685) 5-day, (674) 20-day, (652) 50-day, (652) 100-day, (623) 200-day
ZWH27 Moving Averages – (701) 5-day, (690) 20-day, (667) 50-day, (668) 100-day, (638) 200-day
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hschmit@walshtrading.com
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