Daily Ag Direction 4/2/25
Good Morning!
The grain markets built a little bit of momentum following Monday’s USDA Stock and Acreage reports but the highly anticipated “Liberation Day” has arrived, and the overnight grain trade showed declines across the board. Today, President Trump is set to address the nation from the White House Rose Garden to unveil what is expected to be a broad set of retaliatory tariffs on a range of goods from US trade partners. Over the past few weeks, reports have surfaced about ongoing negotiations and talks with several countries.
U.S. forecasts showing a nice early planting window into Mid April. The Southeastern Midwest will have to wait for areas to dry out following extreme rains through the weekend. The wheat belt has received some moisture this week with more forecasted through the weekend.
May KC Wheat is +6.25 @ $5.715
July KC Wheat is +4.75 @ $5.815
May Corn is -6.5 @ $4.5525
Dec Corn is -4 @ $4.455
May Soybeans are -7.25 @ $10.27
Nov Soybeans are -5.25 @ $10.34
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
Mike Hellman
580-532-5126
