Daily Ag Direction 6/10/25

Posted on Jun 10 at 09:22

The second day of trade talks with Chinese representatives in London are underway with President Trump saying they are “…going well, but China is hard..”. Market seems to have no positive response from the talks until something more concrete comes out of it. Overall weather for the fall crops in the ground provides no risk premiums, but a topic of conversation is what happens to the fall acres in states that are past their planting dates & what will the impact on the balance sheet look like? It is highly unlikely to see a yield or acreage change in June as it is usually a conservative report. Wheat markets are flat/lower starting this session. Harvest delays are bringing KC wheat spreads together, with the July : Sept now at around .12 carry from a previous high of .16. Good/Excellent ratings for wheat generally improved this week and indicate a crop better than the averages. Bean complex has some optimism behind it this morning as the RVO moves further down the legislative process with expectations that RVO is higher.

 June WASDE releases on Thursday June 12^th @ 11am

Contract	Symbol	Movement this session	Price	~Resistance	~Support
July 25 KC Wheat	KEN25	-6	5.38	5.50	5.25
July 25 Corn	ZCN25	+2	4.36	4.45	4.30
December 25 Corn	ZCZ25	Flat	4.39	4.40	4.30
July 25 Beans	ZSN25	+4	10.62	10.50	10.30
November 25 Beans	ZSX25	+2	10.35	10.45	10.30

 

Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!

-Kavan Killian 806.753.7099 RMA TX/OK Panhandle