Daily Ag Direction 9/15/25
Good Morning!
The WASDE provided a spark to markets on Friday but corn is pulling back today. USDA lowered the yield by 2.2 bu/acre at 186.7 bu/acre. However, acres increased by 1.3 million to 98.7 million. Production was also increased by 72 million bu to 16.81 billion bushels. Exports were also increased by 100 million bu. which offset some of the production. The main takeaway with markets increasing was that trade was excited about the demand and less concerned about the extra bushels. Funds did add to their short position in corn as of last Tuesday so we will see how that changes this week. Trade is interested in tariff talks as Trump 2.0 is suggesting a deal with China is close to getting done but not much information for ag is getting released. Soybeans need a reduction in yield and China trade to have better price prospects. The WASDE did not hold much new information for wheat. Global production went up and so did feed use. Funds remain big shorts in Paris wheat so continue to watch for a change and reaction in price.
Dec KC Wheat +3.0 @ $5.18
July 26 KC Wheat +4.2 @ $5.66
Dec Corn -4.6 @ $4.25
Dec 26 Corn -3.0 @ $4.66
Nov Beans -0.6 @ $10.46
Nov 26 Beans -1.0 @ $10.83
Sept Feeders +6.600 @ $357.000
Oct Live +3.400 @ $233.375
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
-Trent
