Daily Ag Direction 5/23/25
Good morning!
Grain complex is closing out a great week of gains lower to start the day after an announcement by the Trump admin recommends EU tariffs risen to 50% due to unsatisfactory trade agreement progress starting June 1. Despite trading lower grains have been grinding higher with Dec 25 corn trading as of now 15 cents higher than last week. The 50 day moving average in the December corn contract is 4.4950 so look for closes above that resistance area to be a good signal for additional gains. Wheat harvest has started in south Texas up to central Texas this week with normal yields and quality. Funds have been covering some shorts up in wheat this week as Russia, Ukraine, China look turn warm and dry. Soybeans also had a good week and have been holding above the 200-day average and 20 cents off the May lows in the July 25 contract right now. US old crop beans, like corn, are remaining very competitive against S. American origins in export business. June WASDE should see the USDA raise export numbers for corn/beans.
It's important to have offers in place and ready to take advantage of these fast-paced growing seasonal rallies like we have seen this week. If you’re curious about what that can look like for you give your cooperative’s CEA Risk Management Advisor a call and we would be happy to help you make a marketing plan for your operation.
Markets are closed on Monday for Memorial Day.
|
Contract |
Symbol |
Movement this session |
Price |
~Resistance |
~Support |
|
July 25 KC Wheat |
KEN25 |
Down 3 |
5.41 |
5.50 |
5.40 |
|
July 25 Corn |
ZCN25 |
Down 7 |
4.55 |
4.65 |
4.55 |
|
December 25 Corn |
ZCZ25 |
Down 5 |
4.48 |
4.56 |
4.48 |
|
July 25 Beans |
ZSN25 |
Down 8 |
10.59 |
10.70 |
10.55 |
|
November 25 Beans |
ZSX25 |
Down 5 |
10.50 |
10.60 |
10.40 |
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
-Kavan Killian 806.753.7099 RMA TX/OK Panhandle
