Daily Ag Direction 7/28/25
Beans led the complex lower into the overnight session, with the Argentine governement making a push to get back into the already saturated western hemisphere export game via a reduction in export taxes. Corn seeing added pressure from seasonal movement of Brazilian corn which displaces PNW export opportunities. Wheat not immune to the uptick in export competition either, as Russia reportedly pushed nearly a million MT more into the export channels in July vs June, although their numbers are down from a year ago. The weather story that has been suppressive, or maybe oppresive, on the grain complex shows no signs of letting up as nearby forecasts dip into early August. Friday's Cattle on Feed report came in with numbers below trade guesses across the board, with June placements seeing the biggest deviation at 92% vs last year compared to an estimate of 98%. This has cattle markets in the green this morning while grains are red across the board.
Sep corn is -6.5 at 3.92
Dec corn is -5.5 at 4.13
Nov beans are -8 at 10.13
Sep KC wheat is -0.5 at 5.26
July 26 KC wheat -1.5 at 5.90
Sep Chi wheat is -0.5 at 5.37
July 26 Chi wheat is -1 at 5.94
August feeder cattle are +2.00 at 333.425
August live cattle are +1.300 at 227.775
If you have any questions, please reach out to your CEA Risk Managment Advisor and have a great day!
Matt Hartwell (316) 617-0690
