Brian Grete

Soybean and wheat export inspections each declined mildly from week-ago.
Soybean futures are higher with corn and wheat under pressure. Cattle and hog futures open the week amid moderate selling pressure.
Corn, soybean and wheat futures were unable to sustain initial strength overnight and are trading near session lows this morning as the overall marketplace adopted a general risk-off stance.
Soybeans and wheat found mild followthrough buying overnight, while buying was restricted in corn and spring wheat.
The National Weather Service’s (NWS) 90-day forecast offers little hope for improvement in conditions of the HRW crop through winter.
Soy complex futures strengthened overnight after initially trading lower, which supported corn. Wheat futures tried to rebound from Wednesday’s sharp losses, but buyer interest proved limited.
Corn and soybean basis dropped over the past week but remains above futures.
Selling in the wheat market overnight pulled corn lower, while soybeans were supported by strength in soymeal.
Corn, soybean and wheat futures are mildly weaker this morning as a quietly traded overnight session winds down.
Soybean export inspections were lower than expected and down sharply from both week- and year-ago.