Daily Ag Direction 4/14/25
Good morning!
Wheat is started the session dropping towards the bottom of it’s current range as funds remain large sellers during rallies keeping a tight lid on any upward movements. Turkey & Russia experienced cold temps, frost, & hail in wheat growing areas over the last week.
Corn also feeling pressure, but holding on to majority of the gains from last week’s report. More rain is expected for the Delta/Appalachia regions that could prevent some acres from being planted in a timely fashion.
Soybeans continue to stay firm starting the week. May Soybeans are trading at the levels it was in late February before tariff talks heated up. Chinese soybean imports have fallen substantially for March to levels not seen since 2008. Brazil’s harvest delays & a move away from US exporters are cause for the 36% decrease from the same period last year.
|
Contract |
Symbol |
Movement this session |
Price |
~Resistance |
~Support |
|
May 25 KC Wheat |
KEK25 |
Down 13 |
5.54 |
5.70 |
5.50 |
|
July 25 KC Wheat |
KEN25 |
Down 14 |
5.68 |
5.85 |
5.65 |
|
May 25 Corn |
ZCK25 |
Down 3 |
4.86 |
4.90 |
4.80 |
|
December 25 Corn |
ZCZ25 |
Flat |
4.62 |
4.70 |
4.60 |
|
May 25 Beans |
ZSK25 |
Flat |
10.46 |
10.48 |
10.30 |
|
November 25 Beans |
ZSX25 |
up 4.5 |
10.32 |
10.35 |
10.20 |
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
-Kavan Killian 806.753.7099
