Brian Grete

Spring wheat futures posted new highs overnight amid crop concerns and the hot, dry forecast.
Cash hog, pork cutout prices firmed over the past week.
Grain and soy complex futures finished higher near session highs overnight, which should spark followthrough buying today.
Spring wheat was supported by falling crop conditions, while corn and soybeans firmed late overnight.
The CCI ratings for the corn and soybean crops were nearly unchanged for the week.
Corn soybean and spring wheat futures are mildly higher this morning. Cattle futures are mostly weaker with hog futures off to a firmer start to the week.
Corn and soybeans were mildly firmer overnight on positioning ahead of USDA’s July crop reports at 11 a.m. CT. Weekend rains were ample across all but northern locations of the Midwest.
Price action was relatively quiet overnight on a lack of fresh news.
Corn and soybean basis both pull back after last week’s surge.
The corn CCI rating inched higher, while the soybean reading slipped.