Latest News From Brian Grete

Corn and soybean basis strengthens, but cash prices fall.

Fed raises interest rated 50 basis points, as expected.

Trade was relatively light in the grain and soy markets for much of the overnight session, but buyer interest has picked up early this morning.

U.S. says China tariff relief 'on the table'

Corn futures are firmer, soybeans are weaker and wheat is mixed this morning following two-sided trade overnight.

The SRW CCI rating inched up but is still below average.

Corn planting progress falls farther behind average.

Grain and soy complex futures open the week under heavy pressure. Cattle futures are posting corrective gains with lean hogs moderately to sharply lower.

Bears took firm control of price action in the grain and soy markets amid risk aversion overnight as traders returned from the weekend.

Soybean futures gained more overnight than they lost on Thursday, making new highs for the week. Wheat and corn also firmed.

Old-crop corn futures posted new contract highs overnight, while December corn came with 1/2 cent of its high. Wheat was also firmer, while soybean were mixed.

Choice boxed beef prices extended their recent price decline over the past week.

Soybeans and soyoil extended gains overnight, while corn and wheat are trading lower this morning after two-sided overnight trade.

Corn and spring wheat futures extended Monday’s gains overnight amid planting delays concerns. Soybeans and winter wheat rebounded from Monday’s losses.

The sharp drop in HRW CCI rating was led by a 6.2-point deterioration in the Kansas crop and a nearly 3-point decline in Oklahoma.

Soy complex futures are under hefty pressure with corn lower and wheat futures mixed. Cattle futures gapped lower on the open as lean hog futures face moderate to heavy pressure...

USDA's Cattle on Feed Report is bearish, as the April 1 feedlot inventory and March placements both topped the highest pre-report estimates.

USDA’s Cold Storage Report showed increases in both beef and pork stocks at the end of March, whereas both typically decline during the month.

Above-normal temps and below-normal precip are expected over much of the Plains and western Corn Belt through July. The eastern Corn Belt has elevated chances of above-normal precip.

Wheat futures extended Wednesday’s losses overnight. Corn and soybeans posted two-sided trade, with corn weaker and soybeans firmer early this morning.

Corn and soybean basis each dropped over the past week, but the respective cash prices surged.

Corn futures faced light followthrough selling in overnight trade, while soybeans firmed. Wheat futures are mixed to mostly firmer this morning.

Overnight price action in the grain and soy markets was quiet and choppy.

The winter wheat CCI ratings are below the five-year averages, especially the HRW crop.

Corn posts new contract highs overnight as soybeans and wheat firm sharply. Cattle and hog futures are also higher to start the week.

Corn futures posted contract highs overnight, with front-month May futures poking above $8.00 – the 2013 high on the continuation chart that was matched earlier this year. Wheat and soybean futures were also strong.

Disconnect between prices and production threatens to create a “volatility trap” in commodities and discourage investment in the sector, something that could threaten the supercycle.

Soybean basis firms to a penny over futures.

Grain and soybean futures posted two-sided trade overnight, with wheat and corn narrowly mixed and soybeans under pressure this morning.

Winter wheat futures found strong followthrough buying in leading overnight gains in the grain and soy complex. December corn futures pushed to a contract high for a third straight session.

Both the HRW and SRW crops showed mild improvement over the past week.

Wheat and corn futures are being supported by supply concerns amid the ongoing war between Russia and Ukraine. Soybeans are under pressure to open the week amid pressure from weakening crude oil prices.

Wheat and corn futures were supported by solid followthrough buying from last week’s gains in overnight trade, while soybeans weakened.

USDA left U.S. old-crop corn ending stocks unchanged, whereas traders expected a cut. Global corn ending stocks also unexpectedly increased.

Grain and soy complex futures held in narrow ranges in light trade overnight as traders await USDA’s April Supply & Demand Report later this morning.

Winter wheat and corn futures are under light pressure this morning, while soybeans are modestly higher.

Corn and wheat basis firmed even as cash prices rose.

February beef exports were the second most ever for the month. Pork exports plunged amid sharply reduced shipments to China.

Winter wheat futures led strong followthrough buying in the grain and soy markets overnight amid lower-than-expected U.S. crop ratings and global supply concerns.

Both the HRW and SRW CCI ratings are well below normal to start spring, with the HRW the lowest since 2011.

Corn, soybean and wheat futures are higher to start the week. Livestock futures are mixed with feeder cattle and lean hogs down slightly...

Corn, soybean and wheat futures rebounded from last week’s losses in overnight.

Soybeans, wheat and hogs all posted poor technical performances this week.

Live cattle futures finished under pressure, while hogs ended mixed.

Soybeans and wheat closed under pressure and had poor technical performances this week.

Soybeans are weaker on followthrough selling. Hogs have rebounded from Thursday's key bearish reversals.

Wheat futures traded sharply higher overnight, while soybeans were slightly lower and corn was mixed. Similar trade is expected on the open this morning. Cattle and hogs are called weaker amid followthrough selling.

Wheat futures are trading sharply higher this morning, while soybeans and the soy product markets are lower on followthorugh selling. Corn is caught in the middle.

Grain and soy markets are quiet ahead of USDA's reports at 11 a.m. CT.

Quiet trade expected ahead of USDA's reports at 11 a.m. CT. Hog futures will be supported by Wednesday's bullish Hogs & Pigs Report.