Daily Ag Direction 6/24/25
6/24/25
Grain markets selling across the board today as the bottom dropped out of the crude oil rally from the announcement of a cease fire last night. Domestic corn conditions lowered 2 points yesterday down to 70% good/excellent, still higher than 65% g/e 5 year average. Soybeans ratings were steady at 66% g/e vs 63% 5YA. The bears still have the advantage with corn prices making new lows as the Midwest gets a break from summer temps and improving chances of rain. Brazil’s safrinha corn crop reported at 13% harvested, up 5% from last week, but far below the 34% complete seen the same week last year. Exports were seen at the top of the guessing range for this week, but with Brazilian crop coming to market we may see a seasonal decline. EU & Russia wheat crop production expectations have been raised above last year’s totals returning to an average / slightly above average area. US winter wheat ratings were lowered to 49% g/e vs. 45% 5YA with harvest reported at 19% lagging the 5YA of 28% harvested for this week.
|
Contract |
Symbol |
Movement this session |
Price |
~Resistance |
~Support |
|
July 25 KC Wheat |
KEN25 |
-13 |
5.36 |
5.50 |
5.25 |
|
July 25 Corn |
ZCN25 |
+1 |
4.20 |
4.45 |
4.19 |
|
December 25 Corn |
ZCZ25 |
Flat |
4.33 |
4.40 |
4.30 |
|
July 25 Beans |
ZSN25 |
-6 |
10.56 |
10.70 |
10.50 |
|
November 25 Beans |
ZSX25 |
-7 |
10.39 |
10.50 |
10.39 |
Note: your CEA Bushel app will be down for maintenance from 3pm – 6pm today.
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
