Daily Ag Direction3/5/25
Good Morning!
Markets are recovering some today after the panic selling yesterday throughout the entire complex. The markets are back to watching headlines as China talk on additional retaliatory actions as they increase their budget to build up commodity reserves by 6%.
Wheat saw a nice bounce overnight and into the morning after the tariff panic trade seen yesterday that took KWK25 to new contract lows. The market seems to be oversold so look for some additional buying today.
The corn market is trying to recover after the bloodbath seen over the past two weeks, but the concerns over tariffs are still present. After 8 straight lower closes, the bounce overnight will be seen as a correction until we string together a few higher closes. China listed US corn and wheat on the list of commodities affected by the tariffs beginning March 10th.
May KC Wheat is +8.75 @ $5.5725
July KC Wheat is +8.25 @ $5.715
May Corn is +4 @ $4.40
Dec Corn is up a quarter of a penny @ $4.47
May Soybeans are +11.5 @ $10.105
Nov Soybeans are +6.75 @ $10.1025
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
Mike Hellman
580-532-5126
