Daily Ag Direction 3/18/25
3/18/25
Overnight trade was mixed with wheat creeped higher despite a slow trade following yesterdays large rally while corn and beans flat/lower. Wind event bringing dust storms continue to batter HRW country with no moisture in sight. Wheat crop conditions are dropping & exports have been decent/good leaving the fund’s shorts potentially exposed if continues upward. Corn/beans is establishing a range after the late Feb bottom and looks to be content within that up till march WASDE. Brazilian bean harvest reported at 69.8% (~5% higher than than the 5 year avg). It’s a quick comeback from an ugly start to their bean harvest.
Markets as of 11:15 am
|
Contract |
Symbol |
Movement this session |
Price |
~Resistance |
~Support |
|
May 25 KC Wheat |
KEK25 |
Up 5 |
6.10 |
6.15 |
6.00 |
|
July 25 KC Wheat |
KEN25 |
Up 4.5 |
6.22 |
6.30 |
6.05 |
|
May 25 Corn |
ZCK25 |
Down 2 |
4.59 |
4.65 |
4.50 |
|
December 25 Corn |
ZCZ25 |
Flat |
4.54 |
4.60 |
4.53 |
|
May 25 Beans |
ZSK25 |
Flat |
10.14 |
10.20 |
10.10 |
|
November 25 Beans |
ZSX25 |
Flat |
10.17 |
10.30 |
10.10 |
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
-Kavan Killian
