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Grains saw limited volatility overnight following Thursday’s surge, as corn, soybeans and wheat each traded on both sides of unchanged.

Corn, soybeans and wheat spent time on both sides of unchanged while holding in tight trading ranges overnight.

After the Bell | October 5, 2023 A wheat rally led the grain complex higher after a cargo ship reportedly hit a sea mine outside the entrance of the Sulina Canal, while corrective gains in meal futures lifted soybeans.

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Corn and soybeans saw fresh selling overnight, while wheat saw limited corrective buying, though went into the break off session highs.

USDA reported weekly corn sales of 1.8 MMT during week ended Sept. 28, increasing export commitments to nearly 9% ahead of last year.

Corn and soybeans faced fresh selling pressure during overnight trade, while wheat firmed amid light corrective buying.

Semi-annual survey of land professionals finds flattening in Iowa land values.