Daily Ag Direction 8/14/25
8/14/25
Another day trading post WASDE fallout with commodities down. Corn seems to find support slightly above 3.90 dec where it traded down to on Tuesday, but large production numbers will continue to haunt any rallies that pop up from here on out. Market will be extra focused on hitting exports going forward to keep carryout manageable, but for US to get additional market share worldwide values will have to stay competitive with (*cheaper than*) other major exporters. As of this week we are 22% behind the year-to-date sales needed to meet the USDA’s export forecast for milo. Without a serious buyer such as China milo exports will continue to suffer. November Soybeans taking a break from their rally that broke over the 200 day moving average. However, beans are still up ~.40/bu from where they were at the beginning of this month. In a somewhat typical pattern HRW finds a way to make new contract lows out of it all. Wheat exports have been above USDA expectations so far, but not enough to make the market concerned about supplies. That coupled with the weakness in corn price will have wheat struggling looking forward.
Grain markets 9:45 am
|
Contract |
Symbol |
Movement this session |
Price |
~Resistance |
~Support |
|
Sept 25 KC Wheat |
KEU25 |
-4.5 |
5.02 |
5.10 |
5.00 |
|
Sept 25 Corn |
ZCU25 |
-2.5 |
3.71 |
3.75 |
3.68 |
|
December 25 Corn |
ZCZ25 |
-3 |
3.94 |
4.00 |
3.90 |
|
November 25 Beans |
ZSX25 |
-12.25 |
10.32 |
10.50 |
10.30 |
|
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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
