Daily Ag Direction 7/18/25
Good Morning!
The markets have bounced higher this morning with wheat, corn, and beans all up this morning. Last night we saw some fund short covering in wheat. We have also seen a rally in the EU cash market in addition to freight values shooting up in that region. Quality also appears to be an issue in Russian/French, and now Balkan wheat. Corn also higher this morning, regaining momentum in the overnight after not reaching the 20-day moving average. Corn high this morning was $4.2850. Reports say that the crop in Eastern Europe is deteriorating; this could prove to be a potential opportunity for US corn exports. Beans are up this morning, but I’m not sure this bounce will last long. Some speculate this is due to a potential short covering due to weather conditions for the weekend. Soybean oil continues to shine posting values not seen since almost 2 years ago. Looking at these markets, it’s encouraging to see some upward movement, but with the trends that we’ve seen this year, I wouldn’t count on it to stay. I still feel bearish towards the market.
Looking ahead at the weather, for the first time in nearly a month, NWS is showing almost no rain for Oklahoma and only light rain for Kansas. With this lack of rain though, expect to see warmer temperatures in the coming days.
SEP KC Wheat +13.0 @ $5.30
JUL 26 KC Wheat +11.2 @ $5.97
SEP Corn +6.4 @ $4.09
DEC 25 Corn +7.2 @ $4.28
SEP Beans +9.2 @ $10.21
NOV 25 Beans +10.2 @ $10.37
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
