Daily Ag Direction 7/02/25
Good Morning!
As we hit midweek, we are still seeing more of the same in the markets. KC Wheat stocks are up slightly with wheat harvest beginning to wrap up. Oklahoma is anywhere from 85%-90% harvested with Kansas in about the 55%-65% range. DEC Corn contracts continue to hit all-time lows due in part to the high forecasted yields. Soybeans are trading higher despite disappointing crush numbers. The main positive with the corn and beans crop is the favorable growing weather that we have had. With that being said, we may run into issues Mid-July based on forecast maps.
Looking ahead for the next week, we’re seeing some weak precipitation across Kansas and Oklahoma.
SEP KC Wheat +3.6 @ $5.35
JUL 26 KC Wheat +6.6 @ $6.04
SEP Corn +2.2 @ $4.08
DEC 25 Corn +1.2 @ $4.23
SEP Beans +9.4 @ $10.28
NOV 25 Beans +9.0 @ $10.36
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
Morgan Bryan
417-680-6987
RMA SW OK
