Daily Ag Direction 4/17/25
This morning's export sales numbers show corn continuing to outpace USDA's targets, even after their upward revision. The near term forecast for the corn belt holds widespead moisture which could impede planting progress, but the corn market sits quietly neutral this morning following low volume overnight trade. Beans opened weaker this morning in consolidating trade as soy complex export numbers sit in line with USDA projections desipte oil falling off and Brazil filling China's near term demand. Wheat is where the action is this morning, where dryness concerns for parts of the HRW belt persist are putting a bid under the KC market and to a lesser extent, Chicago.
REMINDER: Markets will be closed tomorrow, 4/18, in observance of Good Friday.
May corn is +1 at 4.85
Dec corn is flat at 4.67
May beans are -3 at 10.35
Nov beans are -5 at 10.28
May KC wheat is +9 at 5.67
July KC wheat is +8 at 5.81
May Chi wheat is +6 at 5.54
July Chi wheat is +6 at 5.67
May Feeder cattle are +1.225 at 285.625
April live cattle are +.975 t 208.050
If you have any questions, please reach out to you CEA Risk Management Advisor and have a great day!
Matt Hartwell (316) 617-0690
