Brian Grete

Corn and soybean basis are both well above their respective three-year averages.
There was two-sided trade in grain and soy markets overnight, though outside markets have turned negative this morning.
Two-sided trade was seen in the grain and soy markets overnight, with corn and wheat firmer this morning while soybeans is modestly weaker.
World Weather Inc. says 2022 is closely tracking 1956, which turned into a good year for crops with some record yields despite hot, dry weather in the Plains and western areas of the Midwest.
Grain/soy futures expected to open daytime trade sharply lower on followthrough from heavy selling overnight and negative outside markets.
Corn, soybean and wheat futures faced heavy pressure overnight after initially trying to work to the upside.
The corn and soybean crops posted modest gains, while spring wheat improved notably.
Outside markets influenced grain and livestock markets to varying degrees in volatile trade to open the week.
Grain and soy markets gapped higher overnight but fell from overnight highs at the open of the day session. Cattle futures are lower with feeders leading losses as lean hogs firm slightly...
USDA will update balance sheets to reflect June 1 stocks and its new-crop planted acreage estimates. USDA will also release its first all-wheat production estimate.