Daily Ag Direction 9/03/25
Good Morning!
Markets are trending lower this morning. After making gains this weekend and earlier this week, corn seems to be hitting the brakes after hitting that 4.20-4.25 range due to fund short covering. The market appears to be lowering back down to its comfortable 4.10-4.15 range. It seems like this short bump and then fall is becoming a pattern. While this pattern is disappointing, I think it hammers home the point to watch the markets and sell rallies when they present themselves. Wheat showing weakness after failing to strengthen overnight. Much of this weakness comes due to pressure from a strong Australian crop. Exports have slowed but still are strong with destinations like Mexico, Vietnam, and Japan leading the way. Beans are struggling some this morning. Crude oil prices are lower, which has put a lot of pressure on buyers. Crush is good but lower than the goal of 207.2 MB ATG. Unfortunately, bean markets are largely at the mercy of China. China has booked up much of the South American bean business leaving the U.S. high and dry with almost zero export sales. It will take increased nearby sales and Chinese business to further drive the rally that we saw late last week and yesterday.
Looking ahead at our weather, we can expect rain across Kansas and Oklahoma with the bulk of Kansas rain falling across South-Central Kansas. 98% of Oklahoma can expect up to an inch to an inch and a quarter of rain for the rest of the week. As the week progresses, we will also start to see a cold front move in bringing overnight temps down into the 50’s by the weekend and daytime temps into the 70’s.
DEC KC Wheat -2.4 @ $5.09
JUL 26 KC Wheat -2.6 @ $5.55
DEC Corn -5.2 @ $4.18
DEC 26 Corn -3.4 @ $4.59
NOV Beans -6.4 @ $10.35
NOV 26 Beans -5.2 @ $10.73
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