Daily Ag Direction 6/27/25
Markets are in the green on the open this morning. Call it a dead cat bounce or position sqaring ahead of Monday's USDA acreage and quarterly stocks report, but it is a welcome sight after a rough week across the grains. A trade deal with China has been annonced, but no specifics with regard to the Ag sector. Wheat still faces harvest pressure and lack of demand and is struggling to sustain even a technical bounce this morning. Corn and beans still held down by ongoing ideal weather and increasing yield estimates. Beans did not track with the higher oil move yesterday, and the larger risk off sentiment with oil as things have stabilized in the Middle East does little to provide any uplift. Look at today's Commitment of Trader's report to see the extent of fund shorts and how much more room that may leave to the downside in the near term. Overall, the theme of adjusting expectations continues and should govern working offers for wheat as well as forward contracts for corn and beans.
July KC wheat is +1 at 5.19
July Chi wheat is +3 at 5.24
July corn is +4 at 4.14
Dec corn is +4.5 at 4.25
Nov beans are +6 at 10.22
June live cattle are +1.70 at 223.40
Aug feeders are +1.200 at 304.500
If you have any questions, please reach out to your CEA Risk Management Advisor and have a great day!
Matt Hartwell (316) 617-0690
