Daily Ag Direction 10/1/2025
Good Morning!
The government is in a partial shutdown after the Senate failed to pass a funding measure. As a result, several key government reports that normally guide the markets will be delayed, leaving trade with less direction and more uncertainty in the near term.
Wheat markets continued lower overnight and into the morning after yesterday’s bearish U.S. Stocks and Small Grains report, with fresh contract lows posted across the board.
Corn Harvest is moving along with mixed yields being reported. National yield estimates are trending lower, but USDA still has room to adjust demand, which could keep the overall impact on carryout fairly limited.
Reminder: We are now accepting enrollments for the JSA Select Program on wheat. This managed bushel program allows participating producers to have their bushels actively managed by JSA professionals, who handle futures pricing on your behalf. The signup deadline is October 24th. For more details, please contact your local co-op or your CEA Risk Management Advisor.
Dec KC Wheat is -7 @ $4.9075
July 26 Wheat is -5.75 @ $5.4275
Dec Corn is -3.5 @ $4.12
Nov Soybeans are -5 @ $9.9675
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
Mike Hellman
580-532-5126
