Daily Ag Direction 4/24/25
Good Morning!
The corn market is seeing a bounce today after four straight sessions of losses. Corn appears to be fairly priced based on current fundamentals. We'll see if this pullback encourages consumers to step back in and extend coverage. U.S. weather maps show a warm-up and drying trend once the current system moves through, which should accelerate the pace of corn planting. If 50–60% of the crop is in the ground by May 15, market sentiment could quickly shift bearish.
Overnight trade was choppy, with pressure pushing KWN25 to new lows, largely on the back of solid rainfall across western Kansas and eastern Colorado. Radar continues to show a strong system moving through central Kansas and into Oklahoma. Forecast maps maintain a wetter pattern for the Southern Plains over the 6–10 and 8–14 day outlooks, while the Northern Plains are expected to dry out. In Russia, rain remains in the forecast, but there’s growing chatter about a possible freeze/frost event this weekend across western Russia and into Ukraine.
May KC Wheat is -3.5 @ $5.3425
July KC Wheat is -3.5 @ $5.4675
May Corn is +1.75 @ $4.7375
Dec Corn is +1.25 @ $4.805
May Soybeans are +4.5 @ $10.4475
Nov Soybeans are +2 @ $10.295
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
Mike Hellman
580-532-5126
