Brian Grete

Light corrective buying has surfaced in some of the grain and soy futures early this morning after they faced pressure for much of overnight trade.
Banking woes are pressuring grains and soy futures to start the week. Cattle futures open the week with mild gains as hog futures encounter hefty pressure.
Unease with the global economy tied to the banking sector will weigh on grain and soy futures.
Bears controlled price action in the grain and soy markets overnight amid ongoing macroeconomic unease.
Grain and soy futures are expected to open higher. There was another daily corn sale to China.
Corn, soybeans and wheat were supported by corrective buying and outside markets overnight.
U.S. government forecasters signal La Niña has ended, but the extended weather forecast from the National Weather Service continues to indicate La Niña-like weather will persist through June.
Corn should be supported by strong weekly export sales and another daily sale to China.
Corn futures pivoted around unchanged in quiet overnight trade while soybeans were supported by corrective buying and wheat pulled back from gains earlier this week.
Soybean basis dropped but the average cash price remained above $15.