Daily Ag Direction 2/18/2025
Grain markets reopened cautiously after the holiday break on Monday, but have since started to rally up. Wheat broke through on Friday & is still adding to gains while corn is trading above previous resistance levels.
Wheat added some risk premium on cold temperature & lack of snow in many areas on Friday with the market now content to sit on that premium after breaking through resistance on Friday.
Wheat complex moving up & remaining strong with Brazil behind average on planting their second crop corn & Argentina having received beneficial rains that gave the Rosario grains exchange the confidence to say corn yield losses have been abated.
Soybeans enjoying good support around 1030 after a February sell off due to concerns Brazillian beans are 10% behind average harvested vs last year & Argentina’s cut to bean production.
Markets as of 10:35
|
Contract |
Symbol |
Movement this session |
Price |
~Resistance |
~Support |
|
March 25 KC Wheat |
KEH25 |
Up 4.5 |
6.26 |
6.30 |
5.99 |
|
July 25 KC Wheat |
KEN25 |
Up 5.5 |
6.48 |
6.50 |
6.20 |
|
March 25 Corn |
ZCH25 |
Up 5 |
5.01 |
5.00 |
4.85 |
|
December 25 Corn |
ZCZ25 |
Up 3.25 |
4.76 |
4.74 |
4.60 |
|
March 25 Beans |
ZSH25 |
Up 4 |
10.39 |
10.50 |
10.25 |
|
November 25 Beans |
ZSX25 |
Up 3 |
10.56 |
10.70 |
10.40 |
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
-Kavan Killian
