Reviewing The Grain Trade - Agri-Business Southeast AgNET

November Grain Market Technical Update: Corn and Soybeans Test Key Levels

As we move through the first week of November, analysts are closely watching the technical side of the grain trade, with both corn and soybean futures showing notable movement after recent rallies.

December corn futures rallied early in the week, climbing above a major 200-day moving average around the $4.35 level — a key indicator that caught the market’s attention. Analysts say that while corn is looking for support late in the week, a small pullback could create another buying opportunity.

“December corn rallied past a major 200-day moving average early week around that 435 level, now looking for support late week. We think a few cents lower from here, buyers might step back in, especially those who missed the rally the first time.”

Meanwhile, January soybeans have been riding a wave of buying momentum from last week, boosted in part by the recent trade agreement with China. That upward surge, however, met resistance on Tuesday as markets took a breather. Now, traders are eyeing the $11.10 to $11.08 range as potential buying zones going forward.

“January soybeans were riding a buying wave from last week, and the trade agreement with China, that wave hit the shore on Tuesday, now watching 11.10, 11.08 to be buying opportunities from here. There were plenty of new buyers in that market last week who are now hoping for a 10 to 15 cent rebound.”

This week’s market action underscores how technical levels—like moving averages and support zones—continue to guide short-term trade decisions amid a complex mix of global trade developments and seasonal market factors.

For grain producers, these shifts also serve as a reminder to align marketing plans and crop nutrition strategies as they prepare for the upcoming growing season.

“Be sure your crop nutrition plan is ready to go next spring. ProGerminator from AgriLiquid, a good place to start. Learn more about ProGerminator at agriliquid.com.”

With volatility likely to continue as the trade outlook and harvest data evolve, staying focused on technical indicators and market fundamentals will be key for traders and producers alike as they navigate the final weeks of 2025.