Daily Ag Direction 4/25/25
Wheat has had a rough week, but is trying to find its footing and bounce off yesteday's lows. The moisture in the forecast has kept a lid on the market and the lackluster export sales haven't provided any bouyancy. Corn similarly trying to bounce off recent weakness. Corn turned the corner yesterday after consecutive down days and is trying build on that today, aided by export numbers coming in on the high end of estimates. Beans saw weekly export sales come in yesterday towards the low end of estimates, however they were significantly better vs prior year and there is talk of Japan showing up as a buyer, which would partially offset loss of China demand. Overnight follow through buying in beans tapered toward the end of the session, as uncertainty surrounding trade talks with China looms. Stay tuned on what renewable fuel mandates may have in store for bean demand, as that could prove to be a needle mover if it materializes.
May Corn is +1 at 4.78
Dec corn is -0.5 at 4.55
May beans are -1.5 at 10.51
Nov beans are +1.5 at 10.37
May KC wheat is +1.5 at 5.39
July KC wheat is flat at 5.51
May Chi wheat is flat at 5.29
July Chi wheat is flat at 5.44
May Feeders are +0.600 at 289.675
April live cattle are +.100 at 213.600
If you have any questions, please reach out to your CEA Risk Management Advisor and have a great day!
Matt Hartwell (316) 617-0690
