Daily Ag Direction 5/22/25
Markets bounced off overnight lows on the open but wheat is backsliding a bit after a three day rally to start the week. Short covering is the theme in the moves higher across the grains this week, and look for today's close as a potential pivot point to trigger additional short covering going into the holiday weekend. Beans and bean oil were down as 45Z amendments in the iteration of the House bill that just passed look more restrictive. RFS policy tweaks / negotiations could continue to sway the the bean complex until weather takes center stage in the coming months. Dryness in the 30 day forecast could be part of corn and beans moving into positive territory on the open. Wheat saw supportive export sales numbers, coming in above trade estimates, and Russian weather risk continues to lurk as potential fuel for extending the short covering. Export sales for corn were mid-estimate range and beans came in strong at the high esnd of estimates for old crop but weaker on the new crop front.
July corn is +0.5 at at 4.61
Dec corn is -0.5 at 4.55
July beans are +4.5 at 10.67
Nov beans are +1.5 at 10.54
July KC wheat is -4 at 5.36
July Chi wheat is -6.5 at 5.42
June live cattle are +1.050 at 215.200
Aug feeders are +0.775 at 297.200
If you have any questions, please reach out to your CEA Risk Managment Advisor and have a great day!
Matt Hartwell (316) 617-0690
