Latest News From Brian Grete

The U.S. hog herd is expected to be 2.9% smaller than year-ago as of Dec. 1.

Price action in grain and soy futures was relatively quiet in two-sided trade overnight.

Soybean and wheat export inspections each declined mildly from week-ago.

Soybean futures are higher with corn and wheat under pressure. Cattle and hog futures open the week amid moderate selling pressure.

Corn, soybean and wheat futures were unable to sustain initial strength overnight and are trading near session lows this morning as the overall marketplace adopted a general risk-off stance.

Soybeans and wheat found mild followthrough buying overnight, while buying was restricted in corn and spring wheat.

The National Weather Service’s (NWS) 90-day forecast offers little hope for improvement in conditions of the HRW crop through winter.

Soy complex futures strengthened overnight after initially trading lower, which supported corn. Wheat futures tried to rebound from Wednesday’s sharp losses, but buyer interest proved limited.

Corn and soybean basis dropped over the past week but remains above futures.

Selling in the wheat market overnight pulled corn lower, while soybeans were supported by strength in soymeal.

Corn, soybean and wheat futures are mildly weaker this morning as a quietly traded overnight session winds down.

Soybean export inspections were lower than expected and down sharply from both week- and year-ago.

Corn, soybean and wheat futures opened weaker after pressure overnight. Livestock futures are lower as well.

Corn, soybean and wheat futures are trading near session lows this morning, led lower by spring wheat contracts.

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Wheat futures faced followthrough selling at points overnight but are firmer and trading near session highs in a modest corrective rebound this morning. Corn mildly eased, while soybeans held in their choppy range.

We expected a yawner from USDA this month and that’s exactly what it delivered, aside from wheat – and even that wasn’t a surprise.

Big jumps in weekly cash prices for corn and soybeans.

All three were within the range of pre-report expectations but up sharply from the previous week.

Two-sided trade was seen in the grain and soy markets overnight, but futures are weaker and near session lows this morning.

Basis for corn and soybeans slipped over the past week but remains positive to futures.

Soybean and soyoil futures faced active followthrough selling overnight, which pulled the rest of the grain and soy markets lower.

With no updates to the corn and soybean crop estimates this month, focus will be on changes to demand projections for 2021-22.

Corn, soybean and wheat futures traded both sides of unchanged in narrow overnight ranges.

Soybean inspections slipped modestly from the previous week.

Short-term trend for corn turns sideways.

Corn, soybean and wheat futures opened firmer overnight, but are weaker and near their session lows this morning.

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Soybean futures extended their corrective gains from the two previous days overnight, which helped support corn. Wheat futures held in a tight range in narrowly mixed trade.

Wheat export sales were a marketing-year low. Corn and soybean sales were down sharply from the previous week but each topped 1 MMT.

Grain, soybean futures extended Wednesday’s corrective gains overnight.

Corn and soybean basis continues the post-harvest rebound

Corn, soybean and wheat futures saw a round of corrective buying overnight after Tuesday’s sharp losses.

Grain and soy complex futures were part of a broader selloff overnight.

The HRW CCI rating is 7.8 points below the five-year average, the SRW rating is 13.5 points under the end-of-fall norm.

Soybean inspections topped expectations at more than 2.1 MMT.

Corn and wheat futures are lower to start the week as soybeans firm. Cattle futures are mildly firmer and lean hogs are mixed...

HRS and HRW futures led the rebound from last Friday's sharp losses as concerns with the new Omicrop strain of Covid eased.

Concerns about a new, heavily mutated variant of Covid-19 produced high anxiety among traders overnight, as global stock markets and oil prices plunged, while bonds surged (yields dropped) amid heavy risk-off trade.

Soybean export sales were within the range of pre-report estimates.

Inflation and general economy issues dominate before Thanksgiving

Grain and soy markets are trading higher and high-range this morning, led by HRW wheat contracts.

Corn and soybean basis continue to firm.

Inflationary pressures for food are set to post a second straight year of increases in 2021 for overall food prices, restaurant and grocery prices that are above the 20-year average.

U.S. will release 50 million barrels of oil in a coordinated effort along with releases from strategic reserves by China, India, South Korea, Japan and Great Britain.

The SRW CCI rating is now below the five-year average for the first time this fall.

USDA showed a two-point decline in the top two categories.

Wheat inspections were below expectations, while corn and soybean figures fell within the range of pre-report estimates.

Wheat futures are sharply higher with corn and soybeans higher on spillover support. Fed cattle and lean hog futures are off to a higher start to the week, as well…

Winter wheat futures surged to new contract highs overnight, while spring wheat sharply rebounded from last week’s losses amid tight global supplies of high-quality wheat.