Daily Ag Direction 5/27/25

Posted on May 27 at 10:50

Good morning!

Wheat markets sold off overnight and into the start of the day session after rainfall through US, EU, and Black Sea growing areas. Weather risk premiums are slim lately. In general there are few areas of concern for crop development globally, especially here in the US, that being said there are areas to watch that could be issues if patterns hold through the next 30 days with drought in Australia / China wheat areas. Good wheat export numbers this morning at 20.6k vs the top end of trader guesses of 18k. Corn under pressure to start the week after the COT revealed the funds another 30k contracts to their short they’ve built to nearly 100k and planting weather has been nearly ideal in much of the Midwest. Export inspections for corn were in the middle of guess at 55k. Soybeans have been trading neutral to higher today while they continue to hold the 200 day moving average. Exports showed beans at the low end of trader guesses. Argentina is dealing in a likely loss of soybean production as rainfall & flooding is rumored to have impacted more than 1.5m acres in some degree.

Contract	Symbol	Movement this session	Price	~Resistance	~Support
July 25 KC Wheat	KEN25	Down 13	5.26	5.50	5.25
July 25 Corn	ZCN25	Flat	4.59	4.65	4.55
December 25 Corn	ZCZ25	Down 3	4.47	4.56	4.48
July 25 Beans	ZSN25	Up 4	10.60	10.70	10.55
November 25 Beans	ZSX25	Up 2.5	10.53	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