The 2022-23 domestic balance sheets will reflect Sept. 1 stocks and the final 2022 wheat crop estimate, along with any changes to this year’s corn, soybean and cotton crop forecasts.
Grain and soy futures are higher to start the week. Lean hog futures are moderately higher and cattle futures are mixed with feeders under pressure.
Wheat futures led a price surge in the grain and soy markets overnight as escalating war concerns sparked supply concerns from the Black Sea region.
Corn, soybean and wheat futures regained a portion of Thursday’s losses amid corrective buying overnight.
Expansion of drought will add to low water levels and shipping disruptions along the Lower Mississippi and Oho river valleys.
Corn, soybean and winter wheat futures traded lower overnight as outside markets provided price pressure.
Basis continues to fall for both corn and soybeans amid seasonal pressure during harvest and shipping problems to the Gulf given low water levels.
Corn and soybean futures pulled back from gains earlier this week, while wheat futures extended this week’s declines.
Soybeans and wheat are pulling support from outside markets, while corn is mildly favoring the downside.
Wheat and soybean futures are mildly firmer with corn under light pressure. Livestock futures are higher on a round of corrective buying.

Brian Grete