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Grain and soy markets surged overnight, each would mark a significant reversal if gains are sustained throughout today’s session.

Soyoil sales for the week ended Feb. 29 reached a marketing-year high of 29,200 MT, while soybean sales landed above pre-report estimates. Meanwhile, corn and wheat sales were within their respective pre-report ranges.

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Corn futures built on Wednesday’s gains overnight, while soybeans and wheat also firmed amid corrective buying.

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Corn and soybeans saw action on both sides of unchanged overnight, wheat favored the downside though pared losses into the break.