Daily Ag Direction 10/6/25
Good Morning!
The market looks anxiously at the expected Trump announcement tomorrow on a support program for producers. Potential Chinese purchases of beans are a small piece of bullish sentiment that the market is holding onto. Paris wheat finds a bid on the announcement of a Saudi wheat tender. They purchased 455k mt at an average price of $263.38/mt for Dec/Jan ship. Not much news to spur corn as a slow harvest start holds back real yield data. Ukrainian exports are down significantly compared to the same time last year. Soybeans continue to bump support as everyone awaits a potential Chinese export program. The government shutdown will prevent new reports so rumors will get more attention in the meantime.
Dec KC Wheat -1.6 @ $4.95
July 26 KC Wheat -1.6 @ $5.47
Dec Corn +1.2 @ $4.21
Dec 26 Corn -1.0 @ $4.61
Nov Beans -0.6 @ $10.17
Nov 26 Beans -0.2 @ $10.66
Jan Feeders +4.525 @ $354.250
Oct Live +1.375 @ $231.400
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
-Trent
