Daily Ag Direction 9/9/25
9/9/25
Cool start to the day with grains mostly slightly lower than where we closed yesterday afternoon. Notwithstanding, we are still ~.20/bu higher than the August lows in the December corn contract. The strength as of late could be pinned on excellent exports, fund coverage & G/E ratings dropping 1% this week down to 68% (vs. 64% last year). Dryness in the eastern corn belt & early frost in the upper Midwest sparked some questions about where USDA next estimated yields will come in compared to last month. More questions still concerning how a move in yield will impact exports & thus carryouts for this crop. Late yesterday, KC wheat had a .12 rally in the December contract with reasons not clear beyond some small fund buying, but it comes after several straight weeks of prices grinding lower. September WASDE will release on Friday this week which will give more guidance to the market moving forward.
Markets as of 9:30 am
|
Contract |
Symbol |
Movement this session |
Price |
|
Dec 25 KC Wheat |
KEZ25 |
-3.5 |
5.14 |
|
July 26 KC Wheat |
KEN25 |
-3 |
5.60 |
|
December 25 Corn |
ZCZ25 |
-.0050 |
4.21 |
|
November 25 Beans |
ZSX25 |
Flat |
10.33
|
|
|
|
|
|
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
