Daily Ag Direction 3/19/25

Posted on Mar 19 at 10:14

Good morning!

Wheat selling off weather risks with rain coming in and wind going out of the forecasts. This March rally topping out at around 6.30 July did not hit the February highs of 6.50 July, but came close enough as a selling opportunity for new crop. Watch close if July wheat catches support at 6.10 July like it did in mid-February. No large action for beans or corn while the market waits for prospective plantings. Market expects Fed Reserve meeting today to leave interest rates unchanged. EU SRW exports were down 35% from LY while corn imports up 9% & beans up 7%. 

 

 

 

Markets as of 10:09 am

Contract	Symbol	Movement this session	Price	~Resistance	~Support
May 25 KC Wheat	KEK25	Down 8	5.98	6.15	6.00
July 25 KC Wheat	KEN25	Down 7	6.12	6.30	6.10
May 25 Corn	ZCK25	Up 2.5	4.61	4.65	4.50
December 25 Corn	ZCZ25	Flat	4.53	4.60	4.53
May 25 Beans	ZSK25	Down 2.5	10.10	10.20	10.10
November 25 Beans	ZSX25	Down 4	10.11	10.30	10.10

 

 

Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!

-Kavan Killian