Daily Ag Direction 2/25/25

Posted on Feb 25 at 09:31

All grain markets lower starting yesterday, through the overnight, and then into the open today. President Trump indicated on Monday that Canada/Mexico tariffs were still on the table & likely to proceed. In addition, the admin is proposing port fees on Chinese ships docking in the US.

Corn moves lower than the 30 day moving average last night, funds have lessened their length up to about 335k contracts. Argentina’s weather outlook has changing from concerningly dry to concerningly wet. Despite some rain, Brazil is advancing their safrinha corn plantings at an impressive pace, but still below average 64% complete vs. 73% LY.

Wheat pressured from lack of tangible bullish news & weakness from other commodities. Keep an eye on eastern Europe weather between now and April. 100% of Ukrainian & 67% of Russian winter wheat is drier than normal over the last month.

Markets as of 9:25AM

Contract

Symbol

Movement this session

Price

~Resistance

~Support

March 25 KC Wheat  

KEH25

Down 9

5.87

6.00

5.85

July 25 KC Wheat

KEN25

Down 8

6.14

6.30

6.12

March 25 Corn

ZCH25

Down 6

4.76

5.00

4.70

December 25 Corn

ZCZ25

Down 5

4.65

4.74

4.60

March 25 Beans

ZSH25

Down 4

10.24

10.50

10.25

November 25 Beans

ZSX25

Down 6

10.45

10.70

10.40

 

Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!

-Kavan Killian