Daily Ag Direction 10/2/25
Good Morning!
We have seen some higher trading with wheat after Trump’s post about soybeans caused the markets to lift from the lows. Paris wheat traded higher after increased demand. This improved demand caused the US markets to follow into a small rally. As far as corn is concerned, we have seen some mixed trading. Much remains uncertain as we enter into the second day of the government shutdown. Because of this shutdown, we have no USDA export sales report and there will be no October WASDE report as well. After a decent recovery Wednesday, the market is looking flat this morning. Beans have entered the roller coaster as the pressure mounts for a deal between China/USA intensifies. The market did see an uptick as a result of President Trump’s post on Truth Social. It’ll be 4 weeks before Xi and Trump meet, in the meantime, Trump claims the money collected from tariffs as a result of the trade war will go back to the farmers. Unfortunately, like I have stated previously, until a deal with China is made, the markets will stay in this holding pattern.
Looking ahead at the weather, Oklahoma and the Texas Panhandle look to be pretty clear as far as rain goes moving into the weekend/start of next week. The rain looks to be hitting Kansas with the majority falling across the Central/East Central region. Temperatures appear to be dropping to the mid-80’s as the week comes to a close. We will also see overnight temperatures into the mid-60’s.
DEC KC Wheat +1.6 @ 4.97
MAR 26 KC Wheat +1.6 @ $5.19
DEC Corn +3.0 @ $4.20
MAR 26 Corn +3.0 @ $4.36
NOV Beans +6.2 @ $10.19
JAN 26 Beans +6.2 @ $10.37
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
