Latest News From Brian Grete

Corrective buying supported corn, soybean and wheat futures ahead of USDA’s May crop reports later this morning.

Corn, soybeans and wheat are expected to open lower this morning after losses overnight and disappointing export data, especially for soybeans.

Corn, soybean and wheat futures faced pressure while holding in relatively tight trading ranges overnight.

Corn basis remains premium and well above average.

USDA will update its old-crop ending stocks, release its first 2023-24 balance sheets and issue its initial winter wheat crop estimate.

Corn, soybeans and wheat are expected to open lower on followthrough selling, but all three markets finished well off their overnight lows.

Corn, soybeans and SRW wheat faced followthrough selling overnight, while HRW and HRS wheat futures pulled back from Tuesday’s gains.

Ukraine grain inspections resume

Corn, soybean and winter wheat futures are expected to open solidly lower after selling pressure overnight.

Corn, soybean and winter wheat futures faced pressure overnight, while spring wheat traded mildly higher.

Top producer Kansas led the HRW decline, falling nearly 3.6 points over the past week.

Soybeans and wheat are expected to trade solidly higher after active followthrough buying overnight. Corn futures are called mixed, but should be helped by spillover from soybeans and wheat, along with outside markets.

Soybeans and wheat extended last week’s gains amid followthrough buying during overnight trade, while corn posted two-sided trade.

Corn, soybean and wheat futures are expected to open higher amid corrective buying.

Corn, soybeans and wheat firmed amid corrective buying during overnight trade.

Our monthly and quarterly price forecasts, including the first projections for the fourth quarter.

Grain and soy futures are expected to open weaker after failing to sustain Wednesday's corrective gains overnight.

Corn, soybean and wheat futures were unable to build on Wednesday’s strong gains and faced pressure overnight.

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.

EU sets short-term Ukraine grain import restrictions for five countries

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.

Grain and soy futures will face followthrough selling amid eroding technicals and no indication from export sales data that prices are 'cheap enough.'

Early corrective buying dried up overnight and grain/soy futures are trading lower and on session lows this morning.

Basis for corn and soybeans dropped despite a sharp decline in futures over the past week.

Grain and soy futures are expected to have a varied tone at the start of daytime trade.

Corn and soybeans posted mild corrective gains overnight, while wheat traded on both sides of unchanged.

Data highlights supportive supply fundamentals for beef, struggles for pork

All food prices are now forecast to rise 6.5% in 2023 (range of 4.9% to 8.2%), down from an expected 7.5% increase last month.

Grain and soy futures are expected to favor the downside after failing to sustain corrective buying overnight.

Grain and soy markets worked higher on corrective buying earlier in the overnight session, but buyer interest is drying up this morning.

The HRW CCI rating remains historically low, while the SRW rating is above average.

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.

Grain and soy futures will face pressure from corrective selling and negative outside markets.