Brian Grete

Soybeans recouped Friday’s losses during overnight trade. Corn and wheat failed to sustain early buyer interest overnight and are lower this morning.
Markets had a muted response to the data aside from a big jump in cotton.
Light price action is expected in the grain and soy markets this morning ahead of USDA’s August crop reports.
Corn, soybeans and wheat traded in relatively tight ranges during the overnight session as traders awaited USDA’s August crop reports later this morning.
Grain and soy markets are expected to open with a firmer tone amid corrective buying.
Soybean futures extended gains from the two previous days during overnight trade, while corn and wheat rebounded amid corrective buying.
Basis firmed a little for both corn and soybeans over the past week.
Soybeans and corn are expected to trade higher, while wheat is likely to face slight price pressure.
USDA will also update its wheat crop estimates, along with the U.S. and global balance sheets.
Soybeans traded higher overnight, while wheat faced pressure and corn was caught in the middle.