Daily Ag Direction 7/23/25
Good Morning!
Wheat down a little this morning after seeing some higher trade in the overnight. Cash markets in the U.S. still choppy as mills are being stingy with deferred shipment. With the bounce we saw last week, several bushels got into the marketplace. Look to see shippers moving stocks as we go into the fall harvest to make space for the upcoming crop. Corn is holding steady after trading up overnight. The Trump/Japan deal could be a boost for corn as Japan has opened their country to U.S. Agricultural Products as well as other U.S. products. It will be interesting to see if this moves prices at all. Soybeans are trading higher this morning. Bean oil still leads the charge as bean meal lags behind. In addition to Japan, it seems beans may have found a home in the Philippines. Overall, today has been relatively quiet. Keep watching the markets to take advantage of the bounces as they come.
Looking ahead at the weather, light and scattered rain across the Southern Plains. Area that looks to be impacted the most is SC Kansas and areas across Western Oklahoma. Things are heating up across the region for the next two weeks as above average temps are expected.
SEP KC Wheat -6.6 @ $5.27
JUL 26 KC Wheat -5.6 @ $5.92
SEP Corn 0.0 @ $3.99
DEC 25 Corn 0.0 @ $4.18
SEP Beans +5.2 @ $10.13
NOV 25 Beans +5.2 @ $10.31
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
