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Corn, soybeans and wheat each made up a portion of Friday’s steep losses overnight, led by strength in the soybean complex.
Corn, soybeans and wheat each favored the downside in overnight trade, though buying interest perked up into the break.
Corn and soybeans pulled back overnight from recent gains, while wheat mildly extended yesterday’s losses.
The grain and soy markets remained closed for New Year’s Day overnight and will resume trading at 8:30 a.m. CT.
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There was no overnight grain trade. Grain and livestock markets will resume trading at 8:30 a.m. CT.
Corn basis firmed along with rising cash prices.
Short covering spurred gains in the soy and wheat markets overnight, while corn rebounded from Monday’s weakness.