Brian Grete

Today’s 75-basis-point increase to interest rates signals the Fed has grown increasingly concerned with inflation, though it is still playing catchup.
Corn basis continues to firm. The national average cash price is now just shy of $8.
Corn and wheat futures extended Tuesday’s losses overnight, while the soybean market traded mixed.
Soybeans rebounded some from Monday’s sharp losses, while corn and wheat traded lower overnight but held above yesterday’s lows.
Initial spring wheat CCI rating is a little below average.
Soybean inspections running stronger than normal during this time of year.
Corn and wheat futures are firmer with soybeans off to a soft start to the week. Livestock futures are under hefty pressure.
Soybean futures extended last Friday’s price pressure overnight, while corn and wheat favored the upside amid two-sided trade.
Corn, soybean and winter wheat futures faced mild price pressure overnight as traders awaited USDA’s reports later this morning.
Cumulative old- and new-crop corn export sales totaled only 353,900 MT.