Brian Grete

Grain markets faced pressure overnight and are trading near session lows this morning as the war escalation concerns that fueled gains late Tuesday have eased.
Wheat futures led overnight price declines in the grain markets on hopes of an extension to the Black Sea grain export deal.
Both crops are still rated below their respective five-year averages, especially HRW.
Corn, soybean and winter wheat futures open the week under pressure. Cattle futures are narrowly mixed with hog futures mildly firmer...
Corn and soybean futures were pressured by outside markets and a surge in Chinese Covid cases. Wheat futures traded mixed overnight.
USDA’s long-term baselines include the initial projections for 2023-24.
Soy complex futures led a wave of strong corrective buying overnight on support from outside markets and stronger risk appetite as China eased its Covid regulations.
USDA estimates the drought footprint covers 74% of winter wheat acres.
Corn and soybean futures are lower and near their session lows this morning after two-side trade overnight. Wheat futures are mixed.
Soybean basis rises sharply as export demand picks up.