Daily Ag Direction 2/26/25
Good Morning!
The grain markets came under heavy selling early in the week but were able to stabilize some late yesterday and into the overnight. The strength seen in the market in recent weeks has been about money flow and expectations of returning inflation. Lack of fundamental support and the unknowns in Washington contributed to the early week selloff. The USDA annual Agricultural Outlook Conference on Thursday and Friday will provide fresh information for the market to trade until fundamental factors like spring planting season take focus.
The wheat market is watching the peace talks between Russia and Ukraine. It has been reported that Ukraine’s wheat acreage has fallen 30% since Russia invaded. Russian winter wheat areas are now protected with snow coverage that will provide the crop with future moisture. U.S. forecasts show promise for moisture in the winter wheat belt in the 7-14 day forecasts.
March KC Wheat is -5.5 @ $5.8625
July KC Wheat is -5.25 @ $6.1325
March Corn is +2.25 @ $4.82
Dec Corn is up a quarter of a penny @ $4.7025
March Soybeans are -7.25 @ $10.24
Nov Soybeans are -6.75 @ $10.4425
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
Mike Hellman
580-532-5126
