Daily Ag Direction 7/31/2025
Good Morning!
The corn market tried to bounce back a little yesterday, but overnight trading shows that the downward trend might not be over. Some Asian countries did buy U.S. corn, taking advantage of the lower prices. Still, with more rain and cooler weather expected in the Midwest this weekend, big investors are likely to keep selling. Farmers in the U.S. aren’t in a hurry to sell, so cash prices and market spreads will need to do the work to get more corn moving as harvest time gets closer.
The weather outlook remains very bearish as we head into August, a critical month for soybean development. Meanwhile, China is still missing from the U.S. soybean market, with just a month left before the 2025/26 marketing year begins. The U.S. and China are still trying to work out a trade deal ahead of the August 12 deadline. Until then, China seems content to avoid buying U.S. soybeans, turning instead to Brazil or any other alternative, unless they’re left with no choice.
Sept KC Wheat is up a quarter cent @ $5.2225
July 26 Wheat is -3 @ $5.82
Sept Corn is -2.75 @ $3.89
Dec Corn is -3 @ $4.0925
Aug Soybeans are -1.5 @ $9.6625
Nov Soybeans are -3.25 @ $9.925
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
Mike Hellman
580-532-5126
