{"id":22044,"date":"2025-07-30T13:40:59","date_gmt":"2025-07-30T20:40:59","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=22044"},"modified":"2025-07-30T13:40:59","modified_gmt":"2025-07-30T20:40:59","slug":"corn-3","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/corn-3\/","title":{"rendered":"Corn, Soybean, Copper, Crude Oil; Your 4 Important Need-To-Knows for Trading Futures on July 31st, 2025"},"content":{"rendered":"

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Corn<\/h1>\n

Bullet Points, Highlights, Announcements<\/h1>\n

By Mark O’ Brien, Senior Broker<\/em><\/h4>\n

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General:<\/p>\n

The Federal Reserve held rates steady for a fifth straight meeting today but faced rare dissents from two officials seeking an immediate cut. Officials maintained their benchmark policy rate in a range between 4.25% and 4.5%. Dissent came from two Fed governors and marks the first meeting since 2020 in which more than one Fed official voted differently than chair Powell, and the first since 1993 in which more than one board governor dissented.<\/p>\n

Grains: Soybean, Corn<\/p>\n

Chicago Board of Trade soybean futures fell for the fourth consecutive session today, dragged down by favorable weather across the U.S. Midwest and sluggish export demand, analysts said.\u00a0Weighing on prices were forecasts for cooler temperatures and periodic rainfall in the U.S. Midwest, bolstering expectations for big U.S. soy and corn harvests.\u00a0Prior to tomorrow\u2019s First Notice Day for the contract, August futures touched $9.77 3\/4 per bushel, its lowest price of the year.\u00a0Sept. corn futures matched yesterday\u2019s intraday low of $3.87 3\/4 per bushel, nearly a 2-year low.<\/p>\n

Energy: Crude Oil<\/p>\n

Crude futures rose for the third day, buoyed by concerns U.S. sanctions could reduce flows of Russian crude, optimism over trade deals such as those with the EU and Japan.<\/p>\n

Focus ahead will be on the weekend meeting where OPEC+ will determine September output levels.\u00a0The September West Texas futures contract on the NYMEX traded above $70\/barrel for the first time since June 23, a \u00b1$5.00\/barrel in three trading sessions, equal to a $5,000 per contract move.<\/p>\n

Metals: Copper<\/p>\n

Last week, copper futures hit a new record high with the front month September contract trading to $5.9585\/lb. Today, U.S. President Donald Trump signed a proclamation ordering 50% tariffs on certain copper imports, citing national security. However, the levies applied only to semi-finished products, such as copper pipes and wires and so-called derivate products such as pipe fittings and cables. It excluded refined materials such as copper ores and concentrates. Reacting to the anticipated limited impact on the base metal, September copper futures plunged over $1.20\/lb. to below $4.60\/lb. \u2013 a \u00b119% drubbing and a \u00b1$30,000 per contract move for the contract, the largest single-day decline since 1989.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n

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December Corn<\/h3>\n

December Corn is testing support against the contract low and key reversal. If violated, new sustained lows would project a potential slide to the third PriceCount objective to the $3.88 area.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an \u2018exact\u2019 science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. <\/em><\/p>\n

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com<\/em><\/p>\n

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.<\/em>\u200a<\/span><\/p>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Daily Levels for July 31st, 2025<\/h3>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Want to feature our updated trading levels on your website?\u00a0Simply paste a small code, and they’ll update automatically every day!\u00a0<\/em><\/h3>\n

Click here for quick and easy instructions<\/a>.<\/em><\/h3>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Economic Reports<\/h3>\n

provided by:\u00a0<\/a>ForexFactory.com<\/a><\/p>\n

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Find us on Trustpilot<\/h1>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.<\/em><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Call Now<\/a><\/h1>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Cannon Trading Co., Inc.<\/span><\/em><\/p>\n

12100 Wilshire Blvd.<\/span><\/em><\/p>\n

Suite 1640<\/span><\/em><\/p>\n

Los Angeles, CA 90025 US<\/span><\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Corn Bullet Points, Highlights, Announcements By Mark O’ Brien, Senior Broker General: The Federal Reserve held rates steady for a fifth straight meeting today but faced rare dissents from two officials seeking an immediate cut. Officials maintained their benchmark policy rate in a range between 4.25% and 4.5%. Dissent came from two Fed governors and […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1434,231,76,1522,119,230,1491,237,239,67,70,30,3,61,358,238,234,1483],"tags":[1259,1432,357,16,1631],"class_list":["post-22044","post","type-post","status-publish","format-standard","hentry","category-charts-indicators","category-commodity-brokers-2","category-commodity-trading-2","category-corn-futures","category-crude-oil","category-day-trading-2","category-e-mini-futures","category-energy-futures","category-financial-futures","category-future-trading-news","category-future-trading-platform","category-futures-broker-2","category-futures-exchange","category-futures-trading-2","category-futures-trading-education","category-grain-futures","category-trading-guide","category-trading-wheat-futures","tag-copper","tag-corn","tag-crude-oil-2","tag-futures-trading","tag-soybean"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=22044"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22044\/revisions"}],"predecessor-version":[{"id":22045,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22044\/revisions\/22045"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=22044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=22044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=22044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}