Daily Ag Direction 8/5/25
8/5/25
Quiet news day on Monday led to a quiet bid day for corn with the December contract trading lower to a new low of 4.05 going into this morning. Total weekly corn exports were on the low end and entering seasonal competition with S. America. That being said, PNW corn has a roughly $8/t discount vs. Brazilian corn to select destinations at these levels so expect corn to stay competitive with S. American sources. Good/Ex. Ratings for corn stayed steady this week at 73%. Wheat keeps with the corn moves and trades lower into this morning. Export business for wheat has been picking up on the breaks with some non-regular sales made to Nigeria & Venezuala. Soybeans are attempting to hold the $10/bu new crop line while the market tries to reconcile large upcoming production numbers with the current forecasts showing hot/dry MN, Dakotas, WI, & IA. Chinese Ag Ministry is openly discussing “significant risks” towards their fall crop production due to drought/flooding in different areas. No significant market reaction on this story, but it’ll be something to keep an eye on between now and Sept/Oct. Next week on Monday we’ll get the USDA crop production report.
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
