Daily Ag Direction 10/25/24

Markets are under pressure going into Friday's trade. Wheat has had a choppy but slightly positive week but is taking a hit this morning from weakness in the Paris exchange, where 50 day support was broken overnight. Corn and beans have experienced a nice week but profit taking crept in during the overnight session with some volume behind it. Export numbers continue to look good on the corn front, with old crop numbers surging to 142 mbu vs 87 last week ad 53 same time last year. But fall crop sizes loom large and bulls need ongoing fuel to overcome the bearish supply environment. 

Dec KC wheat is -8 at 5.79

Dec Chi wheat is -11 at 5.70

Dec corn is -3.5 at 4.17

Nov beans are -4.5 at 9.91

If you have any questions please reach out to your CEA Risk Management Advisor and have a great day!

Posted on Oct 25 at 08:27