Daily Ag Direction 5/15/25
Good Morning!
The corn market continues to fluctuate near recent lows as funds expand their short positions amid the rapid U.S. planting pace. Prices appear well-balanced, with new crop values likely to hold around the $4.50 level until the growing season progresses further. Farmer selling remains sluggish and is expected to stay that way unless we see a weather rally this summer.
Rain showers have developed across the northern Plains and the northwest Corn Belt this morning, with precipitation expected to push through the northern belt today and tomorrow. The southeastern belt is also seeing activity, while a more widespread system is set to arrive Sunday and continue into early next week. Forecasts for the 6-10 day period indicate cool, wet conditions, while temperatures and precipitation are expected to return to more typical levels for the 11-15 day outlook heading into late May.
On the second day of the Wheat Quality Kansas wheat crop tour, scouts reported a yield estimate of 53.3 bushels per acre in southwest Kansas, a notable increase from last year's 42.4 bu/ac and above the average of 42.3 bu/ac. The prevailing theme remained “variable,” reflecting the mixed conditions across the region.
July KC Wheat is even @ $5.23
July Corn is even @ $4.455
Dec Corn is -2 @ $4.385
July Soybeans are -18 @ $10.5975
Nov Soybeans are -17 @ $10.4425
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
Mike Hellman
580-532-5126
