Daily Ag Direction 6/25/25
Good Morning!
This week the markets have taken a downward turn. The wheat market has continued to slide due to pressure from harvest, failure of short covering from the funds, and lack of demand. Corn hit a contract low of $4. Despite this slide, we are seeing good growing weather. Soybeans are up slightly; however, the feed grains markets continue to make new lows and soybean oil has stagnated.
Oklahoma has caught a break on precipitation for a bit; Kansas though, caught a line of rain Monday evening which paused harvest for now and has brought cooler temperatures into Western Kansas. Producer selling has been decent but not overwhelming by any means.
On a positive note, the Paris wheat market has reached contract support which could benefit bulls in the short term.
July KC Wheat -9.4 @ $5.25
July 26 KC Wheat -10.2 @ $6.02
July Corn -6.0 @ $4.10
Dec 25 Corn -6.0 @ $4.23
July Beans -9.0 @ $10.38
Nov 25 Beans -7.6 @ $10.29
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
Morgan Bryan
417-680-6987
RMA SW OK
