Daily Ag Direction 7/22/25
7/22/25
After a weak overnight trade, fund short covering in wheat seems to be moving wheat higher meeting resistance around 5.37 Sept while corn and beans are resisting positive movement. Winter wheat reporting 73% harvested while spring wheat conditions fell another 2% this week to 52% G/E. Russia has backed off wheat production and export predictions for this year by 2 MMT each due to drought. Corn crop conditions remained at 74% G/E this week. Temperature during this crucial pollination period will continue to be a concern, but timely rains seem to be taking the edge off of the story for the time being. Sept corn making another stand trying to resist bear pressure of sub $4/bu, but as we reach closer to new crop coming off from the Gulf & Delta states the front month will likely remain under intense pressure. Total exports this year for corn have been expectations up to this point, but we are seeing a seasonal decline in the weekly inspections which is to be expected with competition from the Brazilian safrihna crop.
Markets as of 10:35 am
|
Contract |
Symbol |
Movement this session |
Price |
~Resistance |
~Support |
|
Sept 25 KC Wheat |
KEU25 |
+5.50 |
5.31 |
5.38 |
5.20 |
|
Sept 25 Corn |
ZCU25 |
-3 |
4.00 |
4.07 |
3.97 |
|
December 25 Corn |
ZCZ25 |
-3 |
4.18 |
4.25 |
4.10 |
|
November 25 Beans |
ZSX25 |
-4 |
10.21 |
10.32 |
10.20 |
|
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|
|
|
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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
