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USDA bumped the corn yield by 0.5 bu. per acre from its August estimate, while the soybean estimate was unchanged 53.2 bu. per acre.
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Corn and soybeans recouped a portion of Tuesday’s losses overnight, while wheat saw continued strength.
Corn and soybean futures rebounded from Tuesday’s losses, while wheat showed followthrough price strength during the overnight session.
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Wheat saw modest strength while corn and soybeans favored the downside in low volume overnight trade.
Soybean futures erased Monday’s strong gains during the overnight session, while corn mildly followed to the downside and wheat was choppy.
The increases halted a five-week slide for corn and a four-week decline for soybeans.
Corn, soybean wheat inspections each faded from the previous week, but were within the range of analysts’ pre-report expectations.