Daily Ag Direction 7/09/25
Good Morning!
Any bullish sentiments I had last week are for the most part gone. The markets, since we lost the rally going into the holiday weekend, are looking bearish and are pretty quiet. Wheat lower this morning. Markets found a bid in the overnight as a result of the Russian attacks on the Ukraine. No major market disruption expected as there are no reports of significant infrastructure damage. Corn also lower this morning. With the weather we have had, it’s becoming less of the question “Will we have corn?” and more of “How much corn and is there enough storage?” Looking ahead, weather forecasts are looking near perfect for pollination. Soybeans also lower this morning. The weather has remained ideal for beans thus far. Main thing on beans is the demand and old crop size will likely be a hot topic of discussion on Friday’s WASDE report.
Looking ahead at the weather, we’ve got rain yet again across Oklahoma and Kansas for the next 5 days. The main part of the rain will be over SC Kansas, NC Oklahoma, SE Kansas, and NE Oklahoma. Good for corn and beans, not great for the remaining areas that need wheat out of the fields.
SEP KC Wheat +0.4 @ $5.23
JUL 26 KC Wheat +0.4 @ $5.94
SEP Corn +1.4 @ $4.00
DEC 25 Corn +1.2 @ $4.16
SEP Beans -7.2 @ $10.02
NOV 25 Beans -6.4 @ $10.11
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
Morgan Bryan
417-680-6987
RMA SW OK
