Brian Grete

All signs point toward a sharply lower open in grains this morning, though a series of daily soybean sales could somewhat limit buying in that market.
Corn, soybeans and SRW wheat extended Thursday’s losses overnight, while the HRW and HRS markets also weakened.
Grain and soy futures are expected to open mostly firmer this morning after favoring the upside in two-sided trade overnight.
Corn, soybeans and wheat traded on both sides of unchanged overnight but have firmed early this morning.
Soybean basis is in line with the three-year average.
Cattle herd declined 2.7%; beef cows dropped 2.6%.
June placements unexpectedly increased from year-ago.
The 90-day forecast suggests most of the key corn and soybean areas should see generally favorable conditions for August through October.
Grain and soy futures are expected to open daytime trade with a firmer tone as traders focus on weather and geopolitics.
Corn, soybeans and wheat traded on both sides of unchanged during the overnight session.