Daily Ag Direction 8/18/25
Good Morning!
Grain markets weaker to start the week. We continue to have favorable weather in the Midwest in the face of forecasts for periods of dryness. It will also start to cool off over much of the country, taking away yield concern and risk. The Pro Farmer crop tour starts this week so we should start to get some yield data to see if USDA is on the right track with their projections. Lower Chinese corn imports for July at 60k tons which is down 95% from last July. Cumulative Jan-July imports of 840k tons are down 93% year-over-year. Friday’s July NOPA soybean crush came in at 195.7 million bushels which is above the average at 191.6 million bushels. Funds liquidated a small amount of corn bean oil and Chicago wheat totaling 6-9k contracts. Expect little new information out of the crop tour but it will be interesting to see what pockets of the country have experienced stress.
Sept KC Wheat -1.4 @ $5.06
July 26 KC Wheat -1.6 @ $5.69
Sept Corn -2.0 @ $3.82
Dec 25 Corn -1.0 @ $4.04
Sept Beans -2.6 @ $10.20
Nov 25 Beans -2.2 @ $10.40
Aug Feeders -1.275 @ $344.875
June Live -0.725 @ $235.525
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
-Trent
