The HRW CCI rating is now 6.0 points under the final mark from last fall. The SRW CCI rating is 15.4 points above the final level ahead of dormancy.
Soy complex futures are higher with wheat mixed and corn under early pressure. Cattle futures are chopping higher as lean hog futures soften...
Soybeans strengthened overnight, along with soymeal and soyoil, while corn traded in a tight range around unchanged and wheat was widely mixed.
Corn, soybeans and wheat traded in narrow ranges during a quiet overnight session.
Soybeans pulled back from recent gains overnight, while corn and wheat traded on both sides of unchanged.
Wheat basis held relatively steady despite the big jump in cash prices.
Frozen beef stocks declined more than average during March, signaling demand remains strong. Pork inventories built contra-seasonally last month.
Grain futures mildly pulled back from recent corrective gains during the overnight session.
Wheat futures posted followthrough to Monday’s strong gains overnight, while buying was limited in corn and soybeans.
The HRW CCI rating has declined each of the three weeks this spring, while the SRW rating has improved each week.

Brian Grete