Brian Grete

Wheat basis firmed along with a rise in cash prices.
A shift in farmers’ expectations regarding the Fed’s future interest rate policy was a key factor in the improved sentiment.
Wheat futures rebounded late in the overnight session, which should trigger followthrough corrective buying early this morning. Corn and soybeans are called lower.
Corn, soybean and wheat futures faced followthrough selling during overnight trade.
Soybeans extended gains from the past two days during overnight trade, while corn and wheat firmed amid mild corrective buying.
While the wheat crops in Oklahoma, Colorado and Montana showed modest improvement, the other states declined.
Corn and wheat are expected to open under pressure, while soybeans are called mildly firmer this morning.
Wheat futures faced pressure overnight, while corn was mostly weaker and soybeans favored the upside.
Soybeans are expected to open higher amid corrective buying, while corn and wheat could face mild followthrough selling after failing to sustain buyer interest overnight.
Soybean futures traded higher overnight, while corn and SRW wheat failed to sustain earlier corrective buying.