Daily Ag Direction 7/03/25
Good Morning!
The rumor mill has been running the past couple of days regarding trade talks with China and Vietnam. This news caused the markets to move a little, causing increases in corn and wheat. Wheat is trading higher this morning after some buying in the overnight due to the commodity rally. It will be interesting to see if the market will keep trending up or if this is just an artificial bump in the market. Corn, like wheat, saw increases and increased buying in the overnight due to the rally. By all accounts, it’s hopeful that the corn market will carry this strength through the holiday weekend. Soybeans are higher this morning again due to trade rumblings. Crude oil saw a rally yesterday which triggered buying for beans. I personally am glad to see some positives in the markets. We’ve been stagnating for a while and it’s nice to come out of that, even if it does prove temporary.
Looking ahead for next week, we’re still seeing rain changes across Kansas and Oklahoma, with SE Kansas and NE Oklahoma catching the brunt of it. If the forecast proves true, harvest will be impeded once again in SE Kansas.
As a reminder, the markets will be closed for the 4th of July weekend. They will reopen Sunday night.
SEP KC Wheat +0.6 @ $5.43
JUL 26 KC Wheat +2.0 @ $6.12
SEP Corn +4.4 @ $4.22
DEC 25 Corn +4.6 @ $4.38
SEP Beans +8.4 @ $10.48
NOV 25 Beans +8.6 @ $10.57
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
