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Corn, soybeans and wheat held in tight trading ranges during a quiet two-sided overnight session.

After the Bell | October 10, 2023 Geopolitical unrest and tepid demand continue to hover over grains, while traders begin to anticipate USDA’s October crop data on Thursday.

USDA reported weekly soybean inspections of 1.04 MMT, notably above the pre-report range.

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Corn and soybeans favored the downside overnight but saw limited ranges in continuation of Monday’s selling pressure. Wheat saw sharp losses a price broke down technically.

Corn and soybeans extended Monday’s losses during overnight trade, while wheat more than wiped out yesterday’s gains.

After the Bell | October 9, 2023 The wheat complex notched short-covering gains, while corn and soybean strength from heightened geopolitical tensions eased as the day progressed.