Daily Ag Direction 6/12/25
Good Morning!
KC and Chicago dropped overnight, while Minneapolis saw some buying as dry weather returned to Canada and planting in Russia remained slow. Traders will first focus on the WASDE report before checking cash market trends. No big changes are expected in U.S. or global supplies, but the July report and the June 30 spring wheat planting update will be more important.
Corn prices saw some light buying overnight as the market tries to steady after losing early gains yesterday. The USDA report will be out this morning and is expected to show a slight drop in U.S. carryout, with exports likely revised higher. New crop balance sheets aren’t expected to shift much, and values continue to trade within familiar ranges
China and the U.S. are working on trade deals, but no one is sure yet how they’ll affect corn and beans. The good news is that plans are in place to move forward, which is promising for the markets.
July KC Wheat is even @ $5.2625
Sept KC Wheat is down a quarter penny @ $5.40
July Corn is +2.25 @ $4.3925
Dec Corn is up a half cent @ $4.4025
July Soybeans are up a quarter penny @ $10.5075
Nov Soybeans are +2.25 @ $10.3150
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
Mike Hellman
580-532-5126
