Daily Ag Direction 8/29/25
Soybeans led an overnight rally on good weekly exports of 50.4m bu (exceeding expected range of 17-37m bu). A strong showing in new crop corn exports this week has been supportive & brought in some fund buying to bring us off the lows. Corn exports were at 82.3 mb for a total of 739m bu which is double last year at this time. Milo new crop sales for the year so far continue to disappoint at 5m bu which is less than half of this time last year. Argentina showing 97% completed with corn harvest and production remains unchanged for them this week at 49 mmt. Also this week funds were a buyer in wheat on good export sales of 21.3m bu, 2x what is needed per week to hit the USDA expectations for the end of the marketing year, and on the strength this week of the corn market.
Markets as of 11 a.m.
|
Contract |
Symbol |
Movement this session |
Price |
|
Dec 25 KC Wheat |
KEZ25 |
+3 |
5.18 |
|
July 26 KC Wheat |
KEN25 |
+2 |
5.63 |
|
December 25 Corn |
ZCZ25 |
+8 |
4.18 |
|
November 25 Beans |
ZSX25 |
+2 |
10.50 |
|
|
|
|
|
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
