Daily Ag Direction 5/20/25
Good Morning!
The corn market continued to show strength, building on yesterday’s bullish outside reversal. Crop progress reports indicate that 78% of the U.S. corn crop has been planted, surpassing the five-year average of 73%. However, planting may slow this week due to an active rain pattern across the Midwest, which, despite the delays, will provide much-needed moisture for the acres already in the ground.
Corn and soybean prices often trend lower in May, particularly when planting conditions range from good to excellent. Continued net weekly selling remains a possibility if plant stands and germination rates are favorable. Meanwhile, U.S. corn remains competitively priced, ensuring steady interest from buyers.
Wheat saw some buying overnight on the decline in US winter wheat conditions, but the crop remains in good shape overall. Spring wheat planting is progressing rapidly, with 82% completed and 69% of the crop emerged. This week’s rainfall could slow the pace, but reports indicate some spring wheat acres—particularly in Minnesota—are being shifted to corn and soybeans. If the wheat market sees an unexpected development this year, it’s likely to come from the spring wheat complex.
July KC Wheat is +13.25 @ $5.36
July Corn is +5.5 @ $4.53
Dec Corn is +5.75 @ $4.475
July Soybeans are +1.25 @ $10.52
Nov Soybeans are +1.75 @ $10.3875
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
Mike Hellman
580-532-5126
