Daily Ag Direction 02/14/25
Grains futures are on the move this morning with drone strikes in Russia bringing headline risk into the wheat market. Wheat started catching a bid in the overnight on weather / cold risk but this morning's headlines escalated the short covering following the open. Corn benefitting from strong export sales and declining Argentine crop ratings again to close out the week. Funds continue to add length on the front months while Dec creeps into a range that is attracting some forward contracting interest. Beans seeing double digits gains across the board this morning, benefitting from overall upward momentum created by drop in US dollar after a strong week for CPI/ Inflation numbers. Keep an eye on how today's trade closes going into the 3 day weekend and what the Commitment of Traders report shows on funds activity after the close.
March Corn is +5 at 4.98
Dec Corn is +1 at 4.74
March beans are +13 at 10.43
Nov beans are +10 at 10.55
March KC wheat is +18 at 6.16
July KC wheat is +17 at 6.37
March Chi wheat is +21 at 5.98
July Chi wheat is +20 at 6.23
April Live Cattle are -1.10 at 195.425
March Feeders are -1.725 at 266.250
If you have any questions please reach out to your CEA Risk Management Advisor and have a great day!
Matt Hartwell
(316) 617-0690
