Daily Ag Direction 08/06/25
Good Morning!
The grind lower continues. Overnight we set new lows in the Sept KC wheat contract and the Sept Chicago contract. Paris wheat has found a bid but continues to struggle to move much higher. Demand across grains continues to be the problem. US wheat is feeding into the export market but we need more to move the market. Tunisia tendered for 100k mt soft milling wheat with some other small business making the wires. Corn yield estimates continue to set new highs. Production and carryout will be higher than last year. This will make it increasingly difficult to determine a low on the Dec contract. Bean futures trading under $10.00 as funds continue to add to their short position. Waiting on new export news for a hope of increased prices.
Sept KC Wheat +5.4 @ $5.09
July 26 KC Wheat +3.6 @ $5.71
Sept Corn -5.6 @ $3.76
Dec 25 Corn -4.4 @ $3.98
Sept Beans -7.6 @ $9.64
Nov 25 Beans -7.4 @ $9.84
Aug Feeders +2.050 @ $343.100
June Live +0.675 @ $234.950
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
-Trent
