Daily Ag Direction 7/24/2025
Good Morning!
Well, the news this morning was that we sold some corn to China until the USDA released a statement saying it was reported in error and that the sale was actually to South Korea. Either way, we need to get a deal done with China and President Trump seems confident that he is close, but several analysts think a deal won’t happen until President Trump visits China in Oct./Nov.
The wheat market has been choppy this morning with support from the good export sales report but dropping with the pressure on Paris wheat. Prices are expected to remain range-bound for now, with buying interest supporting the market on dips. Any rallies are likely to be driven by fund short-covering.
Corn prices were a bit stronger overnight as the market tries to bounce off yesterday’s lows. But it's hard to get too excited with storms and warmer weather in the U.S. forecast. Prices are likely to stay stuck in the same range for now, with no big news to move things much. Most farmers aren’t selling, but a few are starting to give in and lock in some prices.
Sept KC Wheat is +2.5 @ $5.26
July 25 Wheat is down ½ cent @ $5.905
Sept Corn is +2.5 @ $4.01
Dec Corn is +2.25 @ $4.1975
Aug Soybeans are down ½ penny @ $10.055
Nov Soybeans are up ¾ penny @ $10.235
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
Mike Hellman
580-532-5126
