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Positioning drove trade in the overnight session with soybeans showing modest strength and wheat leading weakness.
Corn, soybean and wheat basis remains below average.
Dec. 1 grain stocks have a history of providing market-moving surprises, especially for corn.
Farm Credit Services of America releases January appraisal update
Wheat led weakness overnight with corn and soybeans following to the downside.
Corn, soybeans and wheat traded on both sides of unchanged while holding in relatively tight ranges during a quiet overnight session.
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Imports will be slow at first, based on the need to implement and test new protocols.
Declines in attitudes toward current conditions outpaced thoughts about future expectations for agriculture.