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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.
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Traders covered more short positions in the soybean and wheat markets overnight, while corn rebounded from Monday’s losses.
Corn inspections during the week ended Dec. 26 led the decline, falling 268,000 MT from the previous week, while soybean and wheat inspections dropped 204,469 MT and 68,238 MT, respectively. However, net inspections were within pre-report estimates.