SZAP(SZ:000061) Xin Hua Cai Jing·2025-10-15 22:47Core Viewpoint - The Chicago futures market for corn, wheat, and soybeans showed mixed price movements on October 15, with corn prices rising while wheat prices fell, and soybean prices remained stable [1]. Group 1: Price Movements - The most actively traded December corn contract closed at $4.17 per bushel, up 3.75 cents or 0.91% from the previous trading day [1]. - The December wheat contract closed at $4.99 per bushel, down 1.5 cents or 0.3% from the previous trading day [1]. - The November soybean contract remained unchanged at $10.07 per bushel compared to the previous trading day [1]. Group 2: Market Dynamics - Corn prices have surpassed the 50-day moving average, prompting short covering [1]. - Strong yields have led farmers to be willing to sell corn and soybeans [1]. - The market is currently influenced by the need for funds to cover per-acre income, November rent, seed, and fertilizer costs [1]. Group 3: Market Outlook - A tug-of-war between bulls and bears is ongoing, with December corn futures dipping below $4.10 [1]. - The soybean market is supported by soybean oil [1]. - Global wheat-exporting countries are competing for trade demand and are willing to lower prices [1]. - A rebound in Chicago Board of Trade (CBOT) agricultural futures prices is possible, but bearish trends are expected due to the proximity of Brazil's new soybean harvest and limited U.S. soybean exports to China [1]. Group 4: Soybean Processing Data - The National Oilseed Processors Association (NOPA) reported a record soybean processing volume of 197.9 million pounds in September, with soybean oil stocks remaining stable at 1.243 billion pounds [1].