Daily Ag Direction 3/7/25
Corn and beans are consolidating this morning after spending the last two days bouncing off of Tuesday's lows. Wheat futures in both Chicago and Kansas City are under a little pressure, however, as an active precipitation forecast remains intact through March alleviating dryness concerns coming out of dormancy. In the wake of the increased volatility from speculation surrounding tariffs, the markets are looking fatigued heading into the weekend, with trade volume on the decline. The USDA monthly S&D report is due out next Tuesday, 3/11, and should be a quiet one with early trade guesses showing few changes to the balance sheets. The bigger report looming will be acreage at the end of the month, with plenty of potential headline risk between now and then. Producers are encouraged to keep their eye on the ball in terms of price targets as price swings may continue while tariffs are toggled.
May corn is +1.5 at 4.65
Dec corn is -1.5 at 4.49
May beans are +0.5 at 10.27
Nov beans are +4.5 at 10.25
May KC wheat is -5.5 at 5.60
July KC wheat is -6 at 5.73
May Chi wheat is -4 at 5.49
July Chi wheat is -4.5 at 5.63
March Feeders are +1.40 at 275.425
April live cattle are +3.025 at 199.300
If you have any questions, please reach out to your CEA Risk Management Advisor and have a great day!
Matt Hartwell
(316) 617-0690
