Brian Grete

Soybeans are expected to open higher, with wheat likely to face pressure. Corn will be caught in the middle but could pull support from daily export sales to China.
Soybean futures extended this week’s price gains overnight, while wheat traded lower and corn was mixed.
Cash cattle prices reached an all-time high. Choice beef prices also surged, but are still far from their peak.
Wheat futures are expected to lead price gains amid HRW crop concerns and on support from outside markets.
Corn and wheat futures rebounded from Tuesday’s losses overnight, while soybeans pulled back from yesterday’s gains.
Positioning is expected ahead of USDA’s April crop reports at 11 a.m. CT.
Soybean futures posted corrective gains overnight, while wheat pulled back from Monday’s gains and corn held near unchanged.
The HRW CCI rating remains historically low, while the SRW crop is rated stronger than average for early spring.
Corn and soybeans are under pressure with wheat futures mixed. Cattle futures are lower although traders foresee higher cash trade again this week. Hog futures are mostly higher to start the week.
Wheat futures are expected to open firmer, with HRW contracts likely to lead gains amid weather concerns.