Brian Grete

Corn futures are under pressure with soybean and wheat futures mixed. Cattle futures opened lower with lean hogs mildly higher...
Grain and soy futures posted two-sided trade overnight, suggesting a rather directionless start to the daytime session.
Wheat futures posted mild corrective overnight, while soybeans traded mixed and corn faced followthrough selling.
The report data is mildly negative compared with pre-report expectations, especially placements. But the report is not bearish.
Corn and soybeans will face followthrough selling, while wheat will attempt to maintain modest corrective gains posted overnight.
Corn and soybean futures extended this week’s losses during overnight trade, while wheat traded mostly firmer on mild corrective buying.
The southern U.S. is expected to see above-normal temps through July, though the southeastern quadrant of the country will also experience above-normal precip.
Grain and soy futures will face active followthrough selling after losses overnight and disappointing weekly export sales.
Corn, soybean and wheat futures extended recent losses overnight amid a lack of supportive news and elevated risk aversion.
Cash cattle prices score new all-time high.