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Beef stocks declined less than average during the month, while pork inventories built more than normal.
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Corn, soybeans and wheat each saw an increase of buying interest this morning, with corn leading the way higher. Wheat saw relative weakness but went into the break well off session lows.
Grain markets posted two-sided price action in relatively quiet overnight trade.
Basis firmed for soybeans despite a sharp rise in the cash price.
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Wheat led strength overnight though went into the break well off session highs, corn and soybeans followed suit, posting early overnight gains but weakening into the break.
Front-month SRW wheat futures rallied to the highest price since early August during overnight trade, pulling corn and soybeans higher.