Daily Ag Direction 5/29/25
Good Morning!
Last night, news emerged that a federal trade court has ruled against President Trump's sweeping global tariffs, deeming them illegal. The court has ordered their removal, but the Trump administration is pushing back, filing an appeal to challenge the decision.
Ag markets are showing mixed movement this morning, with July corn continuing its downward trend from yesterday and leading the decline. While the exact cause of yesterday’s weakness remains uncertain, potential factors include the U.S. losing a corn tender to Brazil and ongoing rumors of possible cancellations.
Yesterday, light showers cleared out of the eastern Corn Belt, while heavier rainfall persisted across the central Plains through this morning. That moisture is now shifting into the southern and southeastern U.S., where it will linger today and tomorrow. A brief dry spell will set in over the weekend, but don’t expect it to last—the next system is poised to move in from the northwest starting Monday, ushering in another wet week ahead. Above-average precipitation remains in the forecast for both the 6-10 and 11-15 day outlooks, with temperatures holding steady at normal or above through mid-June.
July KC Wheat is +3.5 @ $5.2875
July Corn is -5.25 @ $4.4575
Dec Corn is -3 @ $4.405
July Soybeans are -5.5 @ $10.43
Nov Soybeans are -5.75 @ $10.3175
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
Mike Hellman
580-532-5126
