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Soybeans traded solidly higher overnight, while corn and wheat pivoted around unchanged in light trade.

Basis firmed for soybeans and cash prices dropped.

After the Bell | January 10, 2024

Cash soybean prices decline sharply

Grains saw renewed selling pressure overnight, negating much of Tuesday’s rally in corn and soybeans, though wheat futures pared overnight losses into the break.

Corn, soybeans and wheat were unable to build on Tuesday’s corrective gains during overnight trade.

U.S. ag trade: Nov. exports fall, surplus achieved; FY 2024 outlook shows growing trade deficit

After the Bell | January 9, 2024

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