Brian Grete

Drought covers 80% of the U.S., with 74% of U.S. winter wheat area impacted.
Soybean futures led price declines overnight as the market pulled back from strong gains earlier this week. Corn and wheat faced mild selling pressure overnight.
Soybean basis and the average cash price both rose.
District agricultural conditions were mixed, though mostly strong.
Soybean futures pushed to their highest levels since September overnight, while corn and wheat were supported by end-of-the-month corrective buying.
The CCI ratings for HRW and SRW are both well below the respective five-year averages.
Corn mildly favored to the downside, while soybeans and wheat were mostly firmer during a lightly traded overnight session.
Corn, soybean and SRW wheat futures faced pressure overnight amid concerns with mounting Chinese Covid protests.
Corn and soybean basis continues to rebound from the harvest lows.
No overnight trade in the grain markets. Grain and livestock markets open at 8:30 a.m. CT and close at 12:05 p.m. CT.