Daily Ag Direction 2/21/25
Position squaring ahead of the weekend has wheat markets finding their footing after two days in the red while corn and beans are trading around a nickel to the downside. Argentine weather is taking a favorable turn and bulls are needing for more headlines to keep the momentum moving upward. Export numbers across wheat, corn, and beans all came in favorable this morning, but hitting the upper range of trade estimates has become the new normal lately and is not driving a bid under the row crops so far this morning. As the we look forward to next week, March options will be facing expiration so some spread volatility between front months across all grain contracts should be anticipated.
March corn is -4.5 at 4.93
Dec corn is -3 at 4.76
March beans are -5 at 10.57
Nov beans are -2 at 10.59
March KC wheat is +4 at 6.11
July KC wheat is +5 at 6.37
March Chi wheat is +3.5 at 5.89
July Chi wheat is +3 at 6.17
March feeders are +1.50 at 268.300
April live cattle are +.300 at 194.100
If you have any questions, please reach out to your CEA Risk Management Advisor and have a great day!
Matt Hartwell
(316) 617-0690
