Corn, soybean and wheat futures are expected to open sharply higher on support from plunging crop condition ratings. Soyoil will face heavy pressure from reports of EPA’s biodiesel mandates.
Plunging crop condition ratings and dryness concerns fueled strong gains in corn, soybean and spring wheat futures overnight. Winter wheat futures actively followed to the upside.
Iowa and Illinois led the declines in corn and soybean CCI ratings.
Corn and soybean futures are choppy with wheat futures under pressure. Lean hog futures are higher with cattle futures mixed but mostly lower...
Grain and soy futures are expected to open mixed to mostly lower. Bull spreading is likely in corn and soybeans.
Corn, soybean and wheat futures traded higher early in the overnight session but faded and are lower this morning.
Grains are expected to open sharply higher amid building weather concerns.
Corn, soybean and wheat futures built on Thursday’s strong gains during overnight trade amid heightened crop concerns.
Drought removal or improvement is expected across much of the western Corn Belt, while eastern areas will trend drier.
Grain markets are expected to open sharply higher amid weather and crop concerns for corn and soybeans.

Brian Grete