Daily Ag Direction 6/6/25
Grains opened weaker across the board this morning following a multi-day upswing off recent lows. Weekly export sales numbers showed corn up from last week but significantly down year-on-year. Beans posted improved numbers from last week and better than same week last year. Wheat exports closed out the 24/25 marketing year with another net reduction of nearly 50k MT. New crop wheat business seeing Nigeria and Mexico as buyers but recent pace has tapered compared to April's 4- year high pace. Corn looking comfortably rangebound after again finding support in the mid $4.30's, with the weather forecasts not providing any push to test $4.50 on the Dec contract. Beans gleaning some positivity from news of trade talks with China progressing, as well as talk of prevent plant acres to the East. And on the wheat front, traders are keeping a side eye on developing stories of harvest schedule pushing back in HRW belt and southern SRW potential for quality concerns given heavy rainfall. Look for choppy trade to continue absent international news or significant weather headlines. USDA monthly WASDE report will be out next Thursday.
July corn is +1 at 4.40
Dec corn is -2 at 4.46
July beans are +2 at 10.54
Nov beans are +0.5 at 10.34
July KC wheat is -5 at 5.37
July Chi wheat is -2 at 5.43
June live cattle are +1.550 at 224.450
August feeders are +.125 at 309.275
If you have any questions, please reach out to your CEA Risk Management Advisor and have a great day!
Matt Hartwell (316) 617-0690
