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Traders covered more short positions in the soybean and wheat markets overnight, while corn rebounded from Monday’s losses.
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Weekly corn and wheat sales rose 46% and 34%, respectively, on the week, while soybean sales dipped 31% to a marketing-year low.
Corn, soybeans and wheat each traded in tight ranges on low volume overnight.
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Corn, soybeans and wheat mildly pulled back from Thursday’s gains during a lightly traded overnight session.
There was no overnight grain trade as markets remained closed for Christmas, with grain and livestock markets resuming trade with a hard open at 8:30 a.m. CT.
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