Daily Ag Direction 4/22/25

Posted on Apr 22 at 10:32

Good morning!

Corn/Wheat contracts are flat to lower this morning while beans showing some strength after a bearish overnight trade that sent corn below it’s recent range last night. Corn planting progress across the country as of Sunday was 12%, above the 5 year average of 10%. Next weeks numbers should reflect the rain events across grain growing areas that will cause a slowdown. Soybean plantings are in the same boat at 8% this week also better than the 5 year average of 5%.  Elsewhere in the world, EU is looking dry during the mid-season for winter wheat and no big stories in S. American weather. Brazilian corn has hit a 3 year high on strong domestic demand that makes should keep US corn competitive internationally excluding any tariff effects. HRW is catching support while USDA estimates Good/Excellent wheat has been lowered 2% vs. last week to 45%.

 

Contract	Symbol	Movement this session	Price	~Resistance	~Support
May 25 KC Wheat	KEK25	Down 3	5.47	5.70	5.50
July 25 KC Wheat	KEN25	Down 3.5	5.60	5.85	5.65
May 25 Corn	ZCK25	Down 4	4.77	4.85	4.75
December 25 Corn	ZCZ25	Down 6.5	4.58	4.70	4.60
May 25 Beans	ZSK25	Up 4.5	10.34	10.48	10.30
November 25 Beans	ZSX25	Flat	10.26	10.35	10.20

 

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