Brian Grete

Wheat futures traded solidly higher coming out of the extended holiday weekend, while corn favored the downside and soybeans traded mixed.
Corn and soybeans are expected to open lower on followthrough selling from pressure overnight. Weekly soybean sales were disappointing.
Corn and soybeans faced modest followthrough selling overnight, while wheat futures favored the upside in corrective trade.
Grain and soy futures traded solidly lower overnight, which is expected to spill into daytime trade.
Wheat futures led losses as grain and soy futures extended this week’s declines overnight.
Basis for both corn and soybeans dropped over the past week but remained positive and above average.
Concerns with the commodity price outlook and interest rates weakened farmer sentiment.
Corn and soybeans are expected to trade lower. Wheat futures are called firmer, though spillover pressure will limit buyer interest.
Wheat futures were supported overnight by the bigger-than-expected decline in crop condition ratings, while corn and soybeans faced mild selling pressure.
The HRW CCI rating is well below last fall and year-ago. The SRW rating is above both last fall and last year.