Daily Ag Direction 01/17/2025
Good Morning!
With the markets closed for Martin Luther King Day on Monday, look for markets to square away before the long weekend. Markets won’t reopen until Monday night. President Trump will be inaugurated for the second time on Monday and the markets are preparing for what could be a wild week. Reports are that the Trump administration will implement over 100 executive orders in the first week and the markets are curious to see how they use Tariffs in the global trade.
Wheat markets traded higher thru most of the overnight on light volume but saw some selling into the morning. The market looks to be range bound with lack of demand and exports.
The corn market continues to trade near the weekly highs while funds consider whether to continue their buying spree. The corn trend remains higher after the cash movement seen this week, but the market feels ready for a setback.
March KC Wheat is -1.75 @ $5.465
July ’25 KC Wheat is -1.75 @ $5.6575
March Corn is +2.75 @ $4.7725
Dec’25 Corn is down a quarter penny @ $4.525
Jan’25 Soybeans +6 @ $10.25
Nov’25 Soybeans is down a half cent @ $10.205
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
Mike Hellman
580-532-5126
