Daily Ag Direction 9/29/25
Good Morning!
Markets mixed this morning as wheat finds some buyers and corn and beans are slightly lower. Funds extended their shorts in wheat and recent lows will have to provide support. US wheat is competitive on the export market but news is scarce for anyone looking for new purchases. The stocks and small grains final report tomorrow will provide new fundamentals to trade. Corn prices dipped back below the 100-day moving average. We should have good harvest weather this week allowing the funds to continue to short the market at 97k contracts. There is a lot of uncertainty as harvest continues to roll and prices will continue to be choppy. Funds continue to short beans to -35k contracts. This could get worse if a China trade deal keeps getting pushed down the road. Conversations are ongoing so that is a positive.
Dec KC Wheat +4.2 @ $5.10
July 26 KC Wheat +3.4 @ $5.58
Dec Corn +0.2 @ $4.22
Dec 26 Corn +0.2 @ $4.60
Nov Beans -2.2 @ $10.12
Nov 26 Beans -1.2 @ $10.64
Jan Feeders -0.700 @ $347.125
Oct Live -0.625 @ $231.175
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
-Trent
