Daily Ag Direction 5/14/25
Quiet open for the grains with the Kansas Wheat Quality tour underway. Following a bearish USDA report on Monday, KC wheat bounced off $5 July futures yesterday and is trading higher in follow through buying today, aided by talk of US sales to both Egypt and Algeria. Egypt has been a hard market to penetrate on price so it looks like these values are drumming up some demand. Corn continues to experience seasonal doldrums associated with ideal planting conditions, with next week's planting progress numbers expected to exceed 80%. Funds are now net short corn and a growing short could be the path of least resistance until we see a disruptive summer weather story emerge. Beans benefitting from talk of extending 45Z biofuels legislation.
July corn is flat at 4.42
Dec corn is -1.5 at 4.39
July beans are flat at 10.72
Nov beans are -1 at 10.58
July KC wheat is +4 at 5.15
July Chi wheat is +3 at 5.20
June live cattle are -.025 at 216.300
August feeders are -.925 at 305.075
If you have any questions, please reach out to your CEA Risk Management Advisor and have a great day!
Matt Hartwell (316) 617-0690
