Daily Ag Direction 7/30/25
7/30/25
Corn & wheat bouncing off the lows from yesterday, but the current trend of drifting lower doesn’t seem to have any reason to change with crop estimates still high. Offering support to the corn market is the fact that cheap corn exports from the US are taking sales that usually this time of the year would be going to S. America. Soybeans not catching any of the bounce today, trading at or below the recent lows depending on the contract. Forecasted temps are lowering which is pulling some of that risk premium out. In compliance with their trade deal Bangladesh, usually a Black Sea wheat importer, purchased 220k tons of US wheat out of the 700k tons of US commodities they agreed to source. Argentina shipping 25k ton of corn to China next month which will be a first for them. Trump said again he will not extend Fridays Aug 1st deadline for reciprocal tariffs. Several countries have reached deals to avoid this, but several major US commodity customers haven’t such as S. Korea & Mexico. China’s 90 day tariff extension expires on Aug 12th with the trade not expecting any deals to be reached until then.
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
