Daily Ag Direction 2/27/25
The USDA Ag Outlook Forum began today and the numbers for the governments expectations over the next year have been release. Here are the guesses;
|
Commodity |
2025 acreage |
2024 acreage |
yield |
25/26 Carryout |
|
Corn |
94m |
90.6m |
181 bu/ac |
1,965 mb |
|
Soybeans |
84m |
87.1m |
52.5 bu/ac |
320 mb |
Corn market continues its sell off with the risk of tariffs scaring export buyers out of the market as seen by exports last week of 31.3 well below the expected range of 35-65, but still above the amount needed each week to fill USDA export expectations.
Wheat is still reeling down looking for support from tariffs & another weak export report. Ag Forum estimates for wheat are 45 mbu lower than LY at 1,926 mb which pushes next years carryout higher. On the bullish end of the market traders are watching drought levels in the US, Russian, Ukrainian, & French wheat growing areas.
Soybeans encouraged by large corn acres for next year, but large stocks coming into the market by S. American harvest will keep upward momentum difficult to achieve unless new demand comes into play.
Full USDA Ag Forum report: https://www.usda.gov/sites/default/files/documents/2025AOF-grains-oilseeds-outlook.pdf
Markets as of 10:37 AM
|
Contract |
Symbol |
Movement this session |
Price |
~Resistance |
~Support |
|
March 25 KC Wheat |
KEH25 |
Down 13 |
5.72 |
6.00 |
5.70 |
|
July 25 KC Wheat |
KEN25 |
Down 16 |
5.95 |
6.30 |
5.90 |
|
March 25 Corn |
ZCH25 |
Down 9.5 |
4.68 |
5.00 |
4.70 |
|
December 25 Corn |
ZCZ25 |
Down 6 |
4.61 |
4.74 |
4.60 |
|
March 25 Beans |
ZSH25 |
Up 2 |
10.27 |
10.50 |
10.25 |
|
November 25 Beans |
ZSX25 |
Up 3 |
10.48 |
10.70 |
10.40 |
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
-Kavan Killian 806.753.7099
