Daily Ag Direction 3/11/25
Grain markets mixed this morning with corn & beans higher while wheat is trading lower losing some of the large gains it made yesterday. March WASDE will release today and its not expected to have a large influence, but anything can happen while these markets are as volatile as they are. The trade is expecting small reductions in world & US ending stocks with beans nearly unchanged. More weight will probably be put into what the S. American numbers show us today than anything else.
Markets as of 10:10 am
|
Contract |
Symbol |
Movement this session |
Price |
~Resistance |
~Support |
|
May 25 KC Wheat |
KEK25 |
Down 4 |
5.76 |
5.85 |
5.70 |
|
July 25 KC Wheat |
KEN25 |
Down 4 |
5.87 |
5.85 |
5.95 |
|
May 25 Corn |
ZCK25 |
Up 4 |
4.76 |
4.80 |
4.70 |
|
December 25 Corn |
ZCZ25 |
Up 1.5 |
4.56 |
4.60 |
4.53 |
|
May 25 Beans |
ZSK25 |
Up 1.5 |
10.15 |
10.35 |
9.90 |
|
November 25 Beans |
ZSX25 |
Up 1 |
10.18 |
10.30 |
9.95 |
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
-Kavan Killian 806.753.7099 RMA TX/OK Panhandle
