Daily Ag Direction 9/12/25
Markets are squaring up in anticipation of today's WASDE report, due out at 11:00 this morning. Wheat is slightly lower after pulling off recent lows. Insurance pricing for HRW and SRW closes today, with levels looking to land 20-30 cents below last years levels. Balance sheet changes for wheat are not expected to be significant, so wheat's anticipation is mroe tied to what happends with the corn market and any adjustments to Russian production. Corn was finally able to punch through $4.20 dec futures this morning and has held that pre-report; report response will hang in the balance of anticipated downward yield adjustment, acreage, and feed/ residual values which were perceived to be inflated in the last report. Beans catching a pre-report bid, with lots of chatter of the dry weather in August and speculation on pod fill. Clarity from EPA on blenders credits still loom as an unknown for bean traders, but positive indications in that direction would be a nice complement to any bullish fundamentals that come out of this or subsequent reports.
Dec corn is +5 at 4.25
Nov beans are +10 at 10.44
Dec KC wheat is -2 at 5.08
July KC wheat is -1.5 at 5.54
Dec Chi wheat is -1.5 at 5.20
July Chi wheat is -1.5 at 5.57
Sep feeders are -1.825 at 353.400
Oct live cattle are -1.350 art 230.925
If you have any questions, please reach out to your CEA Risk Management Advisor and have a great day!
Matt Hartwell (316) 617-0690