The Friday grain trade is starting soft. A higher close today could create a higher weekly reversal.

Morning grain trade softens; wheat retreats from $1 over corn. Brazilian basis strengthens, US values supported. Dryness threatens Brazilian winter corn; USDA estimates questioned amid price declines.

This morning grain trade is softer by pennies for corn and soybeans, while the wheat trade retreats from trading $1.00 over corn. The wheat/corn spread should find support in the $0.80 range with weather conditions across the Black Sea, and in the US southern plains are dry, supporting world valuations. Yield estimations will become critical as Russian …