Daily Ag Direction 6/30/25
Good Morning!
Markets down slightly today. In wheat news Jordan looking for 120k mt of milling wheat but otherwise demand feels soft. EU harvest is kicking off to add pressure to the market but rains continue to slow harvest progress in the US. Funds sold another 6k corn contracts to bring their net short to -175k in the face of great growing conditions across the corn belt. Our next weather scare could occur around pollination but no reason to trade north of $4.00 for now. Beans looking to find a bid if corn acreage continues to climb. Weather in soybean growing areas has been good and is not conducive to bulls at the moment. Nothing new on the acreage side from the Stocks and acreage report. Lower harvested acres are of note but the market is reacting negatively since the release.
Sept KC Wheat -3.0 @ $5.31
July 26 KC Wheat -2.0 @ $5.96
Sept Corn -2.6 @ $4.09
Dec 25 Corn -1.0 @ $4.26
Sept Beans +0.0 @ $10.17
Nov 25 Beans +1.0 @ $10.26
Aug Feeders +2.325 @ $310.225
June Live +0.250 @ $213.575
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
-Trent
