Daily Ag Direction 9/8/25
Good Morning!
Wheat is catching a bid this morning after low volume trade overnight. Looking for Syrian imports next week of 200k mt of wheat and the WASDE on Friday for more news. Corn is weaker this morning. Charts are supportive with gaps up higher but it will take a decent push to fill those. Some short covering has given fuel to bulls and trade expects a yield reduction from USDA on Friday. Look for volatile trade this week until the WASDE gives a final direction on Friday. China continues to look away from US beans keeping a lid on any price increases. Beans will likely lose some more acres on Friday to corn but higher yield prospects will negate some of that good news. Brazilian soybean planting has started under dry conditions but that doesn’t mean much until later in the growing season. US tariffs on India could reduce GDP by .5% and expected US sanctions on the Russian economy due to strikes on Ukraine offer some geopolitical news. If the EU curbs Russian energy purchases then we would see a lot of pressure on the Russian economy and unknown responses will offer market volatility.
Dec KC Wheat +5.0 @ $5.10
July 26 KC Wheat +4.4 @ $5.57
Sept Corn -2.2 @ $3.97
Dec 25 Corn -1.6 @ $4.16
Sept Beans -1.0 @ $10.05
Nov 25 Beans -2.4 @ $10.25
Sept Feeders +0.700 @ $360.525
Oct Live -0.200 @ $235.775
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
-Trent