Daily Ag Direction 10/9/2025
Good Morning!
Today was scheduled to be USDA’s WASDE crop report day, but the release is on hold due to the partial government shutdown. This leaves the market in the dark on how USDA might have adjusted production estimates as crops mature and harvest momentum builds.
The corn market saw choppy overnight trade with declining values, leaving prices near unchanged into the day session. With no export sales data or October WASDE report on tap, traders are left searching for fresh headlines or actionable news to help guide flat price direction.
China faces a shortfall of roughly 11 million metric tons of soybeans—about 400 million bushels—needed to meet demand through the end of January. Theycan either draw from state reserves or look to the U.S. for additional purchases. Its next move will likely depend on how early-season weather shapes up in Brazil’s new crop cycle. Trump has pledged $15 billion in aid for soybean farmers facing high input costs and limited trade opportunities in an effort to support prices. Details were expected to be released this week, but the government shutdown has thrown a wrench into those plans.
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 +1.75 @ $4.95
July 26 Wheat is up ¾ cent @ $5.4575
Dec Corn is -1 @ $4.21
Nov Soybeans -5.25 @ $10.2425
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
Mike Hellman
580-532-5126
