U.S. GDP increased at 1.6% rate in first quarter, less than expected
Wheat led strength overnight, with corn following modestly to the upside. Soybeans favored the downside and went into the break near session lows.
Weekly corn sales for the week ended April 18 topped pre-report expectations by a notable margin, while soybean sales missed the pre-report range.
Soybeans pulled back from recent gains overnight, while corn and wheat traded on both sides of unchanged.
Big weekly increase in cash wheat prices.
Wheat basis held relatively steady despite the big jump in cash prices.
