Latest News From Brian Grete

New advice for wheat producers and livestock producers.

Spring wheat futures led gains in the wheat markets overnight as planting progress fell shy of expectations. Soybeans firmed, while corn traded slightly lower overnight.

The HRW crop is still well below its five-year average, while the SRW crop is now rated above normal.

Corn planting more advanced than traders expected

Beef stocks declined less than normal in April, while frozen pork inventories climbed more than average. Total red meat and poultry stocks rose around 16% from last year.

Corn export inspections topped the upper end of trade expectations at nearly 1.7 MMT.

Wheat futures are higher as corn and soybean futures retreat from overnight gains. Cattle futures are lower as hog futures extend last week's rebound...

Wheat futures posted strong corrective gains overnight, while the corn and soybean markets followed to the upside.

USDA's estimated April placements down 0.9% from last year, whereas traders expected a 4.6% decline, on average.

Wheat futures faced followthrough selling pressure overnight, while corn also traded lower. Soybeans have turned mixed after earlier weakness.

Tour confirms sharply reduced HRW yield potential.

Big weekly gains in cash prices for corn, soybeans and wheat.

Drought still covers two-thirds of U.S. winter wheat area.

If the forecast verifies, it suggests crop stress could develop across the western Corn Belt and persist in the Southern Plains

China continues to buy sizable quantities of U.S. old-crop soybeans, accounting for more than half of the weekly total.

Wheat and corn futures faced continued pressure from Wednesday’s losses overnight, while soybeans traded mixed.

SRW and HRW wheat basis weakens amid strong rally in cash prices.

UN in talks to restore Ukraine grain shipments.

Wheat futures faced heavy price pressure overnight, which pulled corn lower. Soybeans are mixed following two-sided trade overnight.

Details on ERP payment calculation.

Wheat futures gapped higher overnight but reversed lower and are under heavy pressure this morning. Corn and soybeans also traded lower.

HRW CCI rating drops to the lowest of the year, while the SRW rating improved to its highest of the spring.

Corn planting in line with expectations, but still well behind normal.

Soybean inspections continue to run stronger than normal for this time of year.

Wheat futures gapped higher overnight and corn and soybeans open the week amid solid price support. Lean hog futures are sharply higher with the cattle complex mixed to moderately lower.

Wheat gapped higher, with HRW and HRS futures moving to new contract highs after India’s ban on wheat exports. Corn and soybeans also posted strong gains.

Perspective on USDA's sub-trend initial corn yield projection

Spring wheat futures built on Thursday’s limit-up performance overnight, while corn and soybeans also traded higher. Winter wheat futures eased a bit from yesterday’s strong gains.

Wheat explodes higher after bullish USDA data.

Based on U.S. Drought Monitor data as of May 10, 68% of the U.S. winter wheat crop area was experiencing drought, down one percentage point from the previous week.

Weekly old-crop corn and soybean export sales were a marketing-year low. Beef export sales were a high for the year and pork sales were also strong.

Soybeans and wheat pulled back from Wednesday’s gains, while corn was mostly firmer overnight. Trade was quiet as traders await USDA’s May crop reports later this morning.

Basis firmed for both corn and soybean and is well above futures.

U.S. consumer inflation eases, but not as much as expected.

Corn, soybean and wheat futures built on Tuesday’s gains overnight amid supportive outside markets.

Major uncertainties heading into the May crop reports on Thursday.

USDA’s May 12 Supply & Demand Report will be the first official release of balance sheets for 2022-23, along with usage adjustments for the old-crop marketing year.

Corn, soybean and SRW wheat futures recouped a portion of Monday’s losses overnight. HRW and HRS futures firmed more than they lost yesterday.

Recent rains spurred mild improvement in HRW ratings; SRW ratings declined.

Corn and soybean planting even slower than expected.

Corn, soybean and wheat export inspections all declined from the previous week

Corn and soybeans are under pressure with wheat futures supported by crop concerns. Livestock futures are mildly to moderately lower to start the week.

Wheat futures extended last week’s gains overnight amid crop concerns, while the corn and soybean markets were pressured by improved weather.

April payrolls stronger than expected. Wage inflation continues to roar, sparking concerns of more aggressive Fed rate hikes.

Wheat futures took back some of Thursday’s strong gains overnight. Soybeans and corn more than erased yesterday’s gains, with corn scoring new lows for the week.

Rains fail to shrink winter wheat drought footprint.

Big year-over-year changes in U.S. meat exports through the first quarter driven by shifting Chinese demand.

Rains over the past week failed to improve the overall drought situation for the U.S. winter wheat crop.

Corn export sales were as expected, while old-crop soybean export sales topped expectations.

Wheat futures led price gains overnight amid active followthrough buying to yesterday’s strong gains. Corn and soybeans followed wheat higher.