Latest News From Brian Grete

Corn, soybean and winter wheat futures are expected to open mildly weaker, though selling should be more subdued than price action over the past week.

Corn, soybeans and wheat posted two-sided trade overnight as markets calmed from recent volatile price action.

Cash corn and soybean prices plunge amid sharp declines in futures.

Grain and soy futures are expected to open sharply lower after active followthrough selling overnight.

Soybeans, wheat and new-crop corn futures faced followthrough selling overnight, while July corn futures pivoted around unchanged.

Grain and soy futures will open sharply lower after heavy selling overnight.

Despite sharper-than-expected declines in corn and soybean crop condition ratings, those markets traded sharply lower overnight amid forecasts for improved rain chances. Wheat also traded sharply lower overnight.

The CCI ratings are now 8.6% below year-ago for both corn and soybeans.

Soybean and wheat futures are off to a strong start with corn futures mixed. Cattle futures are choppy to mostly lower with lean hogs are higher on support from the cash market...

Wheat and soybeans are expected to open sharply higher, while corn is expected to show a mixed tone.

Wheat futures posted strong gains overnight amid global supply concerns given the political instability in Russia. Soybeans have firmed this morning while corn is mixed.

May placements increased 86,000 head from last year.

The drop in beef stocks was rather normal; pork inventories fell much more than average.

Evening Report for June 23

Corn and soybeans will face heavy pressure from improved rainfall chances, while wheat is expected to actively follow to the downside.

Corn and soybean futures faced active followthrough selling amid forecasts calling for improved rain chances for the Corn Belt. Wheat futures actively followed to the downside.

Grain and soy futures are expected to open lower, with the heaviest selling likely in the soy complex.

Corn, soybean and wheat futures pulled back from recent strong gains overnight, while soyoil faced heavy followthrough selling after yesterday’s limit-down performance.

cash corn and soybeans prices surged over the past week.

The biomass-based diesel requirements are well below the increase sought by producers, which put heavy pressure on the soyoil market.

Corn, soybean and wheat futures are expected to open sharply higher on support from plunging crop condition ratings. Soyoil will face heavy pressure from reports of EPA's biodiesel mandates.

Plunging crop condition ratings and dryness concerns fueled strong gains in corn, soybean and spring wheat futures overnight. Winter wheat futures actively followed to the upside.

Iowa and Illinois led the declines in corn and soybean CCI ratings.

Corn and soybean futures are choppy with wheat futures under pressure. Lean hog futures are higher with cattle futures mixed but mostly lower...

Grain and soy futures are expected to open mixed to mostly lower. Bull spreading is likely in corn and soybeans.

Corn, soybean and wheat futures traded higher early in the overnight session but faded and are lower this morning.

Grains are expected to open sharply higher amid building weather concerns.

Corn, soybean and wheat futures built on Thursday’s strong gains during overnight trade amid heightened crop concerns.

Drought removal or improvement is expected across much of the western Corn Belt, while eastern areas will trend drier.

Grain markets are expected to open sharply higher amid weather and crop concerns for corn and soybeans.

Mounting weather concerns supported corn and soybean futures overnight, while wheat followed to the upside.

Basis dropped for both corn and soybeans but remained better than average.

The Fed hit the pause button this month, but new projections show another two rate hikes are likely this year.

Grain and soy futures are expected to open moderately to sharply lower despite supportive outside markets.

Corn and soybeans pulled back from their recent gains during overnight trade. Wheat was led lower by HRW contracts amid increased harvest activity.

Corn and soybeans are expected to open moderately to sharply higher on support from crop concerns. Wheat is likely to be mixed.

Corn and soybeans were supported overnight by the bigger-than-expected declines in crop condition ratings, while wheat faced price pressure.

Corn and soybean CCI ratings are well below year-ago, while the spring wheat rating is still above last year at this time.

Crop condition ratings dropped more than anticipated.

Corn and soybeans are higher with wheat mixed. Livestock futures are choppy with hog futures mostly firmer to start the week...

Corn and soybeans are expected to open higher on weather/crop concerns. Wheat is called mixed this morning.

Corn futures posted double-digit gains overnight amid increased weather/crop concerns. Soybeans also traded higher, while wheat was narrowly mixed.

Quiet trade is expected in the grain and soy markets this morning as traders await USDA's June crop reports.

Price action was relatively quiet overnight as traders await USDA’s crop reports later this morning.

Dryness/drought now covers most of Corn Belt

The Drought Monitor showed 55% of the U.S. was covered by abnormal dryness/drought, up five percentage points from the previous week. USDA estimated drought covered 45% of corn production areas and 39% of soybeans.

Corn and soybeans are expected to open lower, while wheat is likely to favor the upside.

Corn faced mild followthrough selling overnight, while soybeans traded on both sides of unchanged and wheat firmed after earlier pressure.

Cash cattle and boxed beef prices surged again.

Choppy to mostly lower price action is expected as traders start to prepare for USDA's reports on Friday.