Daily Ag Direction 10/13/25
Good Morning!
Market news remains despite the government shutdown. An absence of USDA reports has been replaced by a disagreement between President Trump and President Xi on rare earth metals; after a fiery tweet from Pres. Trump on Friday, he clarified on Sunday that “it will all be fine” with China and that President Xi is “highly respected” and “just had a bad moment”. We will see if their meeting will result in any benefits to the ag sector as a meeting between the two leaders is still expected. Grain markets continue to trade flat but wheat continues to trade fresh contract lows. The market is also on watch for new information about USTR-301 which deals with the US charging port fees for Chinese owned/operated vessels and will be a point of negotiation if President Trump and Xi meet. Other than that we continue to grind out corn harvest as Ukraine is expecting a slight increase in their total 2025 grain harvest with wheat production increased by 0.5 mmt and corn lowered by 0.5 mmt. Soybeans continue to wait on fresh trade news.
Dec KC Wheat -0.2 @ $4.83
July 26 KC Wheat -0.6 @ $5.33
Dec Corn -2.0 @ $4.11
Dec 26 Corn -0.4 @ $4.53
Nov Beans -1.0 @ $10.06
Nov 26 Beans -1.4 @ $10.55
Jan Feeders +1.125 @ $373.075
Oct Live +1.650 @ $240.125
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
-Trent
