3:05 PM: Good afternoon, this is Kluis Commodity Advisors with your closing grain comments for Monday, September 22, 2025.
To Do: We had no new recommendations today. We recommend keeping all offers in place.
What I think: The grains were lower today in a busy day of trade to open the week. Soybeans were lower after Argentina suspended the export tax of soybean meal and oil, trying to attract more business. We are also hearing that growers are happier with their soybean yields than with their corn yields. Wheat continues to struggle with ample global supply, and corn slides along with it. The Crop Conditions report this afternoon showed corn at 66% G/E and down 1% from last week, while soybeans are at 61% G/E and down 2% versus last week. The US dollar was lower today amid bets of more Fed cuts this year, and gold soared to new all-time highs.
What to watch: Monitor the weather across the Corn Belt and any yield reports.
Today’s markets:
December Corn: The trading range was 6 cents. The market closed down 2 cents at $4.22. The support for December Corn sits at $4.16 and resistance is $4.31.
November Soybeans: The trading range was 19 cents. The November contract closed down 14 cents at $10.11. Support is at $10.06 while resistance is up at $10.27.
December Wheat: The trading range was 15 cents. The Chicago market closed down 12 cents, Minneapolis was down 4 cents, and KC was down 5 cents on the day. The support for Chicago wheat is $5.08 and resistance is $5.36.
Outside markets: The US dollar index at this time is down .32 points at 97.32, crude oil is down 4 cents per barrel at $62.64, the Dow is up 66 points at 46,381 and gold is up $76 an ounce at $3,751.
Livestock futures: Trading was higher today. At this time, October Hogs are up 82 cents at $98.80, October Cattle were up $3.57 at $237.15, and October Feeders were up $7.25 at $361.35.
We will have our next update by 6 am tomorrow morning.