Latest News From Brian Grete

HRW CCI rating continues to fall, SRW crop improves
HRW CCI rating continues to fall, SRW crop improves

Condition ratings continue to show two starkly different U.S. winter wheat crops.

Monday Morning Wake Up Call | April 17, 2023
Monday Morning Wake Up Call | April 17, 2023

Soybean futures are higher with wheat and corn futures choppy to start the week. Cattle futures are firmer with lean hogs working higher as well...

Ahead of the Open | April 17, 2023
Ahead of the Open | April 17, 2023

Soy futures are expected to open firmer on support from an Argentine grain inspector strike at ports. Corn and SRW wheat are also expected to trade higher, while HRW and HRS wheat futures will likely face light selling.

First Thing Today | April 17, 2023
First Thing Today | April 17, 2023

Soybean futures are trading solidly higher, while corn is mostly firmer and wheat futures are mixed to open the week.

Ahead of the Open | April 14, 2023
Ahead of the Open | April 14, 2023

Grain and soy markets are expected to favor the downside this morning, though corn could find some support from daily export sales to China.

First Thing Today | April 14, 2023
First Thing Today | April 14, 2023

Soybeans faced pressure overnight after a poor close on Thursday, while wheat traded mostly lower and corn was narrowly mixed.

Ahead of the Open | April 13, 2023
Ahead of the Open | April 13, 2023

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.

First Thing Today | April 13, 2023
First Thing Today | April 13, 2023

Soybean futures extended this week’s price gains overnight, while wheat traded lower and corn was mixed.

Midweek Cash Markets | April 12, 2023
Midweek Cash Markets | April 12, 2023

Cash cattle prices reached an all-time high. Choice beef prices also surged, but are still far from their peak.

Ahead of the Open | April 12, 2023
Ahead of the Open | April 12, 2023

Wheat futures are expected to lead price gains amid HRW crop concerns and on support from outside markets.

First Thing Today | April 12, 2023
First Thing Today | April 12, 2023

Corn and wheat futures rebounded from Tuesday’s losses overnight, while soybeans pulled back from yesterday’s gains.

Ahead of the Open | April 11, 2023
Ahead of the Open | April 11, 2023

Positioning is expected ahead of USDA's April crop reports at 11 a.m. CT.

First Thing Today | April 11, 2023
First Thing Today | April 11, 2023

Soybean futures posted corrective gains overnight, while wheat pulled back from Monday’s gains and corn held near unchanged.

HRW CCI rating declines, SRW rating improves
HRW CCI rating declines, SRW rating improves

The HRW CCI rating remains historically low, while the SRW crop is rated stronger than average for early spring.

Monday Morning Wake Up Call | April 10, 2023
Monday Morning Wake Up Call | April 10, 2023

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.

Ahead of the Open | April 10, 2023
Ahead of the Open | April 10, 2023

Wheat futures are expected to open firmer, with HRW contracts likely to lead gains amid weather concerns.

First Thing Today | April 10, 2023
First Thing Today | April 10, 2023

Wheat futures traded solidly higher coming out of the extended holiday weekend, while corn favored the downside and soybeans traded mixed.

Ahead of the Open | April 6, 2023
Ahead of the Open | April 6, 2023

Corn and soybeans are expected to open lower on followthrough selling from pressure overnight. Weekly soybean sales were disappointing.

First Thing Today | April 6, 2023
First Thing Today | April 6, 2023

Corn and soybeans faced modest followthrough selling overnight, while wheat futures favored the upside in corrective trade.

Ahead of the Open | April 5, 2023
Ahead of the Open | April 5, 2023

Grain and soy futures traded solidly lower overnight, which is expected to spill into daytime trade.

First Thing Today | April 5, 2023
First Thing Today | April 5, 2023

Wheat futures led losses as grain and soy futures extended this week’s declines overnight.

Midweek Cash Markets | April 4, 2023
Midweek Cash Markets | April 4, 2023

Basis for both corn and soybeans dropped over the past week but remained positive and above average.

Farmer sentiment weakens again in March
Farmer sentiment weakens again in March

Concerns with the commodity price outlook and interest rates weakened farmer sentiment.

Ahead of the Open | April 4, 2023
Ahead of the Open | April 4, 2023

Corn and soybeans are expected to trade lower. Wheat futures are called firmer, though spillover pressure will limit buyer interest.

First Thing Today | April 4, 2023
First Thing Today | April 4, 2023

Wheat futures were supported overnight by the bigger-than-expected decline in crop condition ratings, while corn and soybeans faced mild selling pressure.

HRW CCI rating plunges from last fall
HRW CCI rating plunges from last fall

The HRW CCI rating is well below last fall and year-ago. The SRW rating is above both last fall and last year.

Monday Morning Wake Up Call | April 3, 2023
Monday Morning Wake Up Call | April 3, 2023

Corn soybean and wheat futures are higher to start the month. Cattle futures are mixed with lean hogs under pressure...

Ahead of the Open | April 3, 2023
Ahead of the Open | April 3, 2023

Corn, soybeans and wheat are expected to open higher after strong gains overnight amid support from surging crude oil futures.

First Thing Today | April 3, 2023
First Thing Today | April 3, 2023

Corn, soybeans and wheat posted active followthrough buying overnight on help from surging crude oil futures.

PF Report Reaction: Bullish soybean data
PF Report Reaction: Bullish soybean data

Soybean planting intentions and March 1 stocks came in lower than expected.

Ahead of the Open | March 31, 2023
Ahead of the Open | March 31, 2023

Quiet trade is expected ahead of USDA's Prospective Plantings and Quarterly Grain Stocks Reports at 11 a.m. CT.

First Thing Today | March 31, 2023
First Thing Today | March 31, 2023

Price action was relatively quiet in the grain and soy markets overnight as traders await key USDA report data later this morning.

U.S. hog herd slightly bigger than year-ago
U.S. hog herd slightly bigger than year-ago

Data was mostly neutral and shouldn't have a direct impact on trade Friday.

Ahead of the Open | March 30, 2023
Ahead of the Open | March 30, 2023

Grain and soy futures are expected to open with a firmer tone this morning on support from HRW crop concerns and bullish corn export demand news as there was another daily corn sale to China.

First Thing Today | March 30, 2023
First Thing Today | March 30, 2023

Price action was light and two-sided overnight, but a mostly firmer tone has developed this morning.

Market Watch | March 30, 2023
Market Watch | March 30, 2023

Most cash wheat prices post a big rebound.

Midweek Cash Markets | March 29, 2023
Midweek Cash Markets | March 29, 2023

Corn and soybean basis firmed despite strong rises in cash prices.

FAPRI releases baseline projections
FAPRI releases baseline projections

FAPRI's baseline projections are based on data as of January.

Ahead of the Open | March 29, 2023
Ahead of the Open | March 29, 2023

Wheat futures will lead the ongoing price recovery in the grain and soy markets as Cargill says it will cease Russian grain shipments starting July 1.

First Thing Today | March 29, 2023
First Thing Today | March 29, 2023

Wheat futures extended their recent corrective gains overnight. Corn followed to the upside while soybeans pivoted around unchanged.

HRW conditions modestly improve during March
HRW conditions modestly improve during March

HRW wheat conditions are still below when the crop entered dormancy and historically low.

Ahead of the Open | March 28, 2023
Ahead of the Open | March 28, 2023

Soybeans and wheat extended Monday's gains overnight. Corn modestly pulled back but there was another daily old-crop corn export sale that could provide support during daytime trade.

First Thing Today | March 28, 2023
First Thing Today | March 28, 2023

Soybeans extended Monday’s strong gains overnight, while corn modestly pulled back and wheat traded narrowly on both sides of unchanged.

Ahead of the Open | March 27, 2023
Ahead of the Open | March 27, 2023

Another daily old-crop corn export sale, this time two cargoes to unknown destinations.

First Thing Today -- March 27, 2023
First Thing Today -- March 27, 2023

Soybeans mildly built on Friday’s corrective gains during overnight trade while the corn and wheat markets pulled back.

Ahead of the Open | March 24, 2023
Ahead of the Open | March 24, 2023

Wheat and corn futures are expected to open higher after strength overnight despite negative outside markets. Soybeans are expected to trade lower after extending the sharp price drop overnight.

First Thing Today | March 24, 2023
First Thing Today | March 24, 2023

Soybeans’ attempt at a corrective rebound overnight proved futile and the market is under pressure this morning. Corn futures traded both sides of unchanged, while wheat firmed overnight.

Cold Storage Report reflects reduced production, solid beef demand
Cold Storage Report reflects reduced production, solid beef demand

Beef stocks declined in February, though more than average. Pork stocks rose last month, though less than normal.

Negative PDO may turn U.S. Midwest drier later this year
Negative PDO may turn U.S. Midwest drier later this year

This year’s negative PDO has been significantly negative for 21 straight months. At the same time, NOAA predicts a strong evolution toward El Niño late this spring and early summer.

Ahead of the Open | March 23, 2023
Ahead of the Open | March 23, 2023

Grain and soy markets are expected to open with a firmer tone. Corn will be supported by bullish export news.