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Soybean basis firms to a penny over futures.

Grain and soybean futures posted two-sided trade overnight, with wheat and corn narrowly mixed and soybeans under pressure this morning.

Winter wheat futures surge to four-week highs, corn and soybeans also higher as “inflation trade” drives speculator buying.

Winter wheat rises to five-week high on concerns over drought, Ukraine; corn and soybeans also higher.

Winter wheat futures found strong followthrough buying in leading overnight gains in the grain and soy complex. December corn futures pushed to a contract high for a third straight session.

Winter wheat futures jump to two-week highs on concern over Ukraine disruptions; soybeans down sharply, corn mixed.