Daily Ag Direction 2/20/25
Good Morning!
The grain markets continue to see fund buying on the breaks. Corn has been the leader but faces chart resistance just above the current market as prices continue to trade near recent highs as the South American weather story continues to improve.
The trade is concerned over old-crop corn supplies for the remainder of the 2024-2025 marketing year and is relatively positive about the outlook for Trump trade tariffs with President Xi expected to visit the U.S. soon to negotiate.
Through yesterday the base crop insurance price for Corn was $4.7102 and $10.5719 for Soybeans.
March KC Wheat is -2.5 @ $6.1125
July KC Wheat is -3 @ $6.35
March Corn is +2.5 @ $5
Dec Corn is +2.25 @ $4.7875
March Soybeans are +7 @ $10.3875
Nov Soybeans are +6.25 @ $10.575
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
Mike Hellman
580-532-5126
