Daily Ag Direction 7/8/25

Posted on Jul 08 at 08:58

At the morning break commodities are flat/lower with the selling streak from yesterday slowing down that was due to rain over the 4^th of July weekend, tariff woes, & rumors of a China deal being just that.  New Trump Tariff letters went out this week Japan/S. Korea found themselves in the crosshairs (top 5 US corn/bean importers) with 25% additional tariffs. With a big crop & tariffs prices look to be pushing lower to compensate and find room to sell in the global market testing support levels at $4/bu Sept. US corn G/E rating shown at 74% against 73% last week & 68% last year. Brazil looking at a dry forecast for the next two weeks allowing harvest to continue at good pace. Soybean G/E at 66%, unchanged from last weeks rating, but below 68% last year. Wheat harvest reported at 53% complete vs. 62% last yr & 54% 5-yr avg.

Contract	Symbol	Movement this session	Price	~Resistance	~Support
Sept 25 KC Wheat	KEU25	-5.50	5.22	5.30	5.20
Sept 25 Corn	ZCU25	-5.25	3.98	4.05	3.97
December 25 Corn	ZCZ25	-6.25	4.14	4.20	4.10
November 25 Beans	ZSX25	-3	10.18	10.30	10.15

 

 

Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!

-Kavan Killian 806.753.7099 RMA TX/OK Panhandle