Daily Ag Direction 9/18/25
Good Morning!
We are seeing mixed to lower trading across all commodities this morning. Starting off with wheat, we saw wheat drop after failing to maintain the gains from previous sessions. This is mostly due to the overturn of corn and beans, and the losses in those respective markets. Wheat exports as a whole still look solid as we are coming in at 377k mt vs an estimate ranging from 300k mt to 360k mt. With that though, we are seeing a decrease in HRW exports as we are down to a net of 60k mt. A lot of this is due to places like Nigeria finding wheat from different origins like Russia and the Baltic States. Looking at corn, we saw that corn failed to fill that 4.30-4.35 gap in futures yesterday. At time of writing we have fallen nearly $0.03 from the open. It looks like the market is moving back into that range of 4.25 to 4.30. On a brighter note, export sales are still looking strong as our traditional players like Mexico, Japan, South Korea keep coming to the table. Soybeans traded at 10.50 yesterday but began to lose strength as no real information came from Trump/China talks. Bean oil looks to be correcting its fall after the EPA released clearer information regarding biofuel quotas.
Looking ahead at the weather, we are still expecting a pretty large swath of rain across much Kansas and Oklahoma with the brunt hitting the eastern halves of each respective state. While great for fall pastures, this isn’t ideal news as the harvest has gotten off to slow start due to weather. As the week progresses and we move into next week, we can expect temps in the high 80’s to mid-90’s and mild overnight temperatures.
DEC KC Wheat -2.4 @ $5.14
MAR 26 KC Wheat -2.2 @ $5.35
DEC Corn -1.2 @ $4.26
MAR 26 Corn -1.4 @ $4.43
NOV Beans -4.6 @ $10.39
JAN 26 Beans -4.6 @ $10.58
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
Morgan Bryan
417-680-6987
RMA SW OK
